CRYPTO INSIDER: A big data CEO explains why he won't touch the crypto 'Wild West'

‘Wild Wild West’

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.

Market data giant IHS Markit is steering clear of cryptocurrencies until the sector gets formal regulation.

Lance Uggla, CEO of the $US20 billion company, told Business Insider at the Innovate Finance Global Summit in London this week that cryptocurrencies are “very speculative at the moment” and the market is “no different to a lot of young people that like to bet on the football.”

Read the full report by Business Insider’s Oscar Williams-Grut.

Here are the current crypto prices:

MI

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.