CFS survey: German financial industry wants to

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article stronger regulation of Kryptowährungen have: a large part of the German financial industry wants the market for Kryptowährungen

according to a recent survey by the Center for financial studies (CFS) see more regulated. The price development of the Bitcoin is the most respondents puzzles.

“Not understandable” is the price development of the Bitcoin for 81% of the respondents in the last twelve months, 78% are of the opinion that the market for Kryptowährungen should be more regulated. These results brought a management survey conducted quarterly by the CFS under around 400 companies of Germany as a financial location. The CFS is a research affiliate at the Frankfurt Goethe-University.

Moreover, respondents of divided are whether the crypto rally can lead to risks to the financial system. A small majority (54%) of respondents critically assesses the development, 41% are more likely to neglect risks. []

19659005] “the survey makes it clear that the concerns of the financial market participants given the lack of transparency and the unpredictable rate developments of the Bitcoin is increasing”, comments Volker Brühl, Managing Director of the Center for financial studies.

The financial industry, it is agreed that the classical monetary system cannot replace the Bitcoin on long term – 93% of respondents believe that. At least 79% don’t see the Bitcoin as an interesting investment vehicle.

“in its present form a dubious construct represents the Bitcoin that offers no discernible added value. Therefore, clear regulatory framework and a consistent supervision should ensure, that investor protection in Kryptowährungen attacks and also potential systemic risks in the bud are stifled”,

CFS CEO says Brühl.

BTC-ECHO

about Tobias Schmidt

 Tobias Schmidt is Tobias Schmidt since August 2017 as editor in the BTC ECHO working team. His studies in the subject of politics and Economics at the University of Münster signed with a Bachelor’s degree and was also active during his studies at the Department as a student assistant. In addition, he gained professional experience in parliamentary work and in strategic communication, before joining in the journalistic trade. Since 2017 he deals with the Blockchain technology, whereby it focuses in particular on the many different application possibilities in politics, economy and society.

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