Investing.com - Bitcoin continued to advance while prices of other major coins were mixed on Friday morning in Asia.
Bitcoin continued to hold above the key $4,000 level, moving 0.18% higher to $4,037.6 by 11:52 PM ET (03:52 AM GMT).
Ethereum gained 2.12% to $139.03 and Litecoin added 3.23% to $60.772. However, XRP dropped 0.81% to $0.30645.
The crypto market cap stayed flat at nearly $143 billion.
The crypto space was again occupied by reports on crypto regulation, which can direct the development of digital assets. This time, the focus was on Europe.
Switzerland’s President Ueli Maurer delivered a strong stance for regulating the blockchain sector, saying it should be “fast and clear”. He called on the country to take decisive and transparent action in order to put new technology under a regulatory framework.
Also serving as Minister of Finance, Ueli said regulators are “constantly looking for ways to stay two steps ahead” and keeping their doors open to fresh ideas. He has been suggesting amending the country’s existing law to address new tech trends.
Financial regulators in the European country have proposed regulating crypto and blockchain companies under the country’s debt enforcement and bankruptcy law. Another proposal is a new authorization category for "DLT trading systems" under the financial market infrastructure law.
Spain also came into the spotlight, as the country’s securities regulator stressed that it has not authorized any entities to operate initial coin offerings (ICOs).
In a statement, the Spanish National Securities Market Commission (CNMV) called for a disclaimer on any documentation sent to prospective ICO investors to make clear that it has not “been subject to any type of review by the CNMV or any other administrative authority,"
However, regulator’s approval is not needed when a token issuance is less than EUR5 million and targeting fewer than 150 retail investors in cases where tokens are deemed to be securities.