Deutsche Bank: the required level of regulation of cryptocurrency may appear by 2023

Deutsche Bank: the required level of regulation of cryptocurrency may appear by 2023

Head of investment office at Deutsche Bank Markus Mueller suggested that “the proper level of regulation,” which would have legalized investing in crypto currencies may appear within five to ten years.

In an interview with Bloomberg on Monday, January 29, Mueller cautioned against investment in cryptocurrency. He believes that in this field can work only for speculative investors. At the same time, he called cryptocurrency businesses to begin to work closely with regulators.

After you have provided the required level of security and trust crypto-currencies can be assessed and evaluated as one asset class.

Perhaps the required level of regulation will appear in five to ten years.

Deutsche Bank has traditionally held sceptical views on cryptocurrency and believes that all of its UPS and downs can have a major impact on the main financial markets.

At the same time, Deutsche Bank analyst Masao Muraki believes that the lack of volatility in traditional stocks spurred investor interest in riskier assets such as bitcoin.

Now a growing number of institutional investors are watching the cryptocurrency as a risk indicator for assessing the sustainability of asset prices.

Germany is still lagging behind in their understanding of cryptocurrencies in the consumer level that contrasts sharply with initiatives in other countries, such as neighbouring Switzerland.

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