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

MarketScreener 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"
11:32aTexas Manufacturing Continues to Fall as Pace of Growth Slows in September
DJ
11:21aLawmakers join German chorus of disapproval over 5G auction draft
RE
11:19aFUELSEUROPE EUROPEAN PETROLEUM REFINERS ASSOCIAT : In 2050, low-carbon liquid fuels could reduce net GHG emissions from passenger cars & vans by 87% compared to 2015
PU
11:18aBOND REPORT : Treasury Yields Rise As Investors Await Fed Meeting
DJ
11:16aNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
11:16aNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
11:16aNEWS HIGHLIGHTS : Top Company News of the Day
DJ
11:14aOFFICE OF UNITED STATES TRADE REPRESENTATIVE : USTR Announces FY 2019 WTO Tariff-Rate Quota Allocations for Refined and Specialty Sugar and Sugar-Containing Products
PU
11:14aPRESS RELEASE : FDF response to Government's latest 'No-Deal' Technical Notices
PU
11:09aKATHOLIEKE UNIVERSITEIT LEUVEN : Ready-to-use recipe for turning plant waste into gasoline
PU
Latest news "Economy & Forex"
Advertisement