\n<\/p>\n
Mphasis Digital Risk co-founder and Mortgage Bankers Association board member Jeff Taylor discusses how cryptocurrency can impact the housing market.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Bitcoin<\/a> was trading below $44,000 on Thursday morning as the cryptocurrency<\/a> gave back some gains from the day before.<\/p>\n Heading into Thursday, Bitcoin had traded higher in three of the past four days.<\/p>\n Bitcoin is up more than 14% month-to-date, but down more than 4% year-to-date.<\/p>\n \u00a0<\/p>\n The calls for regulation in the industry are getting increased attention.<\/p>\n Risks could grow quickly and regulators need pre-prepared measures to bring the sector to heel, according to the Financial Stability Board (FSB).<\/p>\n The FSB is a risk monitoring watchdog for the G20 economies.<\/p>\n The FSB is concerned many investors don’t fully understand what they are buying, according to Reuters.<\/p>\n CLICK HERE FOR FOX BUSINESS’ REAL-TIME CRYPTOCURRENCY PRICING DATA\u00a0<\/u><\/strong><\/a><\/p>\n Big banks and hedge funds are becoming more involved, along with derivatives that reference cryptoassets in complex investment strategies, the FSB said in a report.<\/p>\n The concern is that financial stability risks could rapidly escalate, underscoring the need for pre-emptive evaluation of possible policy responses.<\/p>\n