Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Deutsche Bank says more regulation of cryptocurrencies needed

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/08/2017 | 01:57am CEST
FILE PHOTO: The headquarters of Germany's Deutsche Bank are seen early evening in Frankfurt

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)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
09:04aAsian shares hit six-month lows as tariffs take economic toll
RE
09:03aMINISTRY OF SHIPPING OF REPUBLIC OF INDIA : Centre of Excellence in Maritime & Shipbuilding (CEMS) Sets Up Labs in Mumbai and Vizag
PU
09:02aFrench first-quarter growth confirmed to have slowed down to 0.2 percent -INSEE
RE
08:57aOil rises ahead of OPEC meeting while trade disputes loom over markets
RE
08:55aOil rises ahead of OPEC meeting while trade disputes loom over markets
RE
08:54aUber driver was streaming Hulu show just before self-driving car crash - police report
RE
08:53aPRESIDENCY OF PEOPLE REPUBLIC OF CHINA : 2018/06/22 China, Papua New Guinea vow to beef up cooperation
PU
08:48aThat Rattle You Hear Is From Auto Stocks -- WSJ
DJ
08:48aWHAT'S NEWS : World-Wide -- WSJ
DJ
08:47aWHAT'S NEWS : Business & Finance -- WSJ
DJ
Latest news "Economy & Forex"
Advertisement