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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.”
Here are the current crypto prices:
- Cryptokitties, which is like Beanie Babies on the blockchain, just got $US12 million from Andreessen Horowitz
- Russia secretly helped Venezuela launch a cryptocurrency to evade US sanctions
- Bitcoin spikes after G-20 expresses no desire for crypto oversight
- Has the cryptocoin market met its match in the Securities and Exchange Commission?
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