The Nasdaq is warming to cryptocurrency trading, but only if it’s regulated. CEO Adena Friedman noted in a talk at the MIT Sloan School of Management that CC’s are securities and buyers deserve protection.
Bank of America’s CEO Brian Moynihan linked the anonymous nature of the digital currency to illegal activities, noting that high dollar paper money has been phased out just to prevent that sort of transaction. Digital currencies work the same way.
Other skeptics include the incoming CEO of HSBC Bank, John Flint.