Deutsche Bank says more regulation of cryptocurrencies needed

FILE PHOTO: The headquarters of Germany's Deutsche Bank are seen early evening in Frankfurt, Germany January 31, 2017. REUTERS/Kai Pfaffenbach/File Photo

US-MARKETS-BITCOIN-DEUTSCHE-BANK:Deutsche Bank says more regulation of cryptocurrencies needed

BERLIN (Reuters) - More regulation and some degree of security are needed to make cryptocurrencies such as bitcoin a serious new asset class for investors, Deutsche Bank Chief Investment Officer Christian Nolting said.

** "Cryptocurrencies currently represent a highly speculative and unregulated risk investment," Nolting said in a presentation published on Deutsche Bank's website on Thursday.

** Because most cryptocurrencies are limited, their inflation risk is low, which means they could offer an alternative to inflation-threatened currencies in crisis countries like Venezuela.

** Bitcoin, the world's most popular cryptocurrency, has soared in recent weeks to above $15,000 in what detractors call evidence of a bubble but supporters insist is the start of a new monetary system not dependent on central banks.

(Reporting by Maria Sheahan, editing by David Evans)

Related News

Twitter explores subscription-based option for first time

Mar 24, 2017

US-TWITTER-SUBSCRIPTION:Twitter explores subscription-based option for first time

Foxconn could bid up to $27 billion for Toshiba's chip business - Bbg

Apr 10, 2017

US-TOSHIBA-M-A-FOXCONN:Foxconn could bid up to $27 billion for Toshiba's chip business - Bbg

Fiat shares fall as EU expected to start legal action over emission tests

May 17, 2017

US-FIAT-CHRYSLER-EMISSIONS-SHARES:Fiat shares fall as EU expected to start legal action over emission tests

Peaple also read these

Twitter explores subscription-based option for first time

Mar 24, 2017

US-TWITTER-SUBSCRIPTION:Twitter explores subscription-based option for first time

Foxconn could bid up to $27 billion for Toshiba's chip business - Bbg

Apr 10, 2017

US-TOSHIBA-M-A-FOXCONN:Foxconn could bid up to $27 billion for Toshiba's chip business - Bbg

Fiat shares fall as EU expected to start legal action over emission tests

May 17, 2017

US-FIAT-CHRYSLER-EMISSIONS-SHARES:Fiat shares fall as EU expected to start legal action over emission tests

About Us

Get the latest news and have a look at the innovations and technologies that are shaping the future and changing the world here in Futurally.

Contact us: sales@futurally.com