The bitcoin needs regulation, judge Deutsche Bank


© Reuters. THE BITCOIN NEEDS REGULATION, JUDGE DEUTSCHE BANK

BERLIN (Reuters) – The cryptomonnaies as the bitcoin need more regulation, and a degree of security to become an asset class worthy of the name for the investors, said Christian Nolting, chief investment officer of Deutsche Bank (DE:DBKGn) Wealth Management.

“The cryptomonnaies currently represent an investment highly speculative and without any regulation,” he said in a presentation released Thursday on the website of Deutsche Bank.

The bitcoin, the most popular of the virtual currencies, getting dealt Thursday evening around $ 16,000 (13.585 euros) on the platform luxembourg Bitstamp, is up over 19% on the day, having previously passed the symbolic milestone of $ 15,000.

Since the beginning of October, its price has more than tripled.

(Maria Sheahan, Véronique Tison for the French service)

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