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Management of Deutsche Bank warns against investments in crypto-currencies

Investors expose their capital to significant risks.

29.Jan.18 11:38 PM
By Shawn Highstraw


Management of Deutsche Bank warns against investments in crypto-currencies
Representatives of a large German bank Deutsche Bank consider investing in digital currencies as highly risky and recommend investors to stay away from them. In particular, the head of the investment department of the private capital management unit of the financial organization Markus Muller says about the real possibility of losing all available money when buying crypto-currency. He explains his position, pointing to the high volatility, the possible manipulation of prices and the risks of data theft during operations.

According to Marcus Muller, who leads Bloomberg, today's purchase of crypto-currency can only be of interest to those who invest in speculation. At the moment, digital currencies cannot be called a full-fledged asset, since regulation of this sphere is still inadequate. If the authorities can pay more attention to new markets, by adopting appropriate norms, transactions with crypto-currencies can become safe and more transparent.

Earlier we reported that Singapore's financial regulator does not see any danger from bitcoin for the economic situation as a whole. Moreover, the agency does not see any signs of a bubble in this cryptocurrency.

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