Bitcoin Futures Kingpin Reveals Why Regulators Hate Crypto

Bitcoin Futures Kingpin Reveals Why Regulators Hate CryptoBitcoin might have taken the financial world by surprise. But regulatory squeamishness ensures that it is still far away from gaining mainstream adoption on Wall Street, according to Terry Duffy. CME’s Terry Duffy: Regulators Detest Bitcoin’s Finite Supply The CME Group chairman and CEO told Business Insider that the biggest thing that is keeping governments away from bitcoin is its finite supply. The cryptocurrency’s supply cap does not fit well with modern economic theories, which allow governments to print money at will. With bitcoin providing no such control, Duffy said governments would be unlikely to ever use it themselves. “The
The post Bitcoin Futures Kingpin Reveals Why Regulators Hate Crypto appeared first on CCN

Bitcoin might have taken the financial world by surprise. But regulatory squeamishness ensures that it is still far away from gaining mainstream adoption on Wall Street, according to Terry Duffy. CME’s Terry Duffy: Regulators Detest Bitcoin’s Finite Supply The CME Group chairman and CEO told Business Insider that the biggest thing that is keeping governments away from bitcoin is its finite supply. The cryptocurrency’s supply cap does not fit well with modern economic theories, which allow governments to print money at will. With bitcoin providing no such control, Duffy said governments would be unlikely to ever use it themselves. “The

The post Bitcoin Futures Kingpin Reveals Why Regulators Hate Crypto appeared first on CCN

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