Bitcoin, Crypto currency, Blockchain

Nasdaq and Bank of America are calling for stricter regulation of Cryptocurrencies,

2a7a6b5d0c8bb6e8b9ded025a4ead5d4 - Nasdaq and Bank of America are calling for stricter regulation of Cryptocurrencies,

The managing Directors of stock Exchange Nasdaq and the Bank of America rang last Friday at a conference of the alarm bells. They called for currencies stricter regulation of Crypto. The need to educate the investors about the criminal activities of some companies in this sector.

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As the news portal Bloomberg reported speech Adena Friedman, the Nasdaq Inc. and the CEO of Bank of America Corp.’s Brian Moynihan about the risks of the burgeoning crypto-market. The conference charged had the Sloan School of Management at the Massachusetts Institute of Technology (MIT). The Institute is regarded as one of the world’s leading universities in the field of Business.

Initial Coin Offerings (ICOs) are to be made through new laws, safer. The buyer would have earned more, even if you invest your money in such products.

Brian Moynihan recalled that the need for crypto-currencies for illegal purposes. “The idea with the anonymous currencies has never considered a good thing proved, “said Moynihan at the conference. It is a very high risk potential in his opinion. Anonymous crypto-currencies could also be used for larger Transfers used also for criminal purposes.

Setting the US banks have been mixed

Dealing with the topic of crypto-currencies is the US-American financial houses are different. While the Bank of America is not afraid of trading with the Bitcoin, have decided to other companies such as Goldman Sachs are to be made in this respect for their clients. Also, the new boss of HSBC, John Flint, currencies gave in a recently published report skeptical on the subject of Digital. Flint is aimed primarily against anonymous crypto-currencies. Banking foot is always on the principle of absolute transparency. Consequently, the name of a Transfer to persons involved should be known. Monero & shielded transactions in Zcash don’t allow that. The great Potential of all in the Blockchain, such as, for example, in the meantime, Jamie Dimon of JPMorgan Chase.

The call for more regulation, but also from other Places. The Chairman of the U.S. securities and exchange Commission SEC recently said to the press that he was shocked by how often, ICOs will be organized with fraudulent intentions.

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