Expert: insurance companies need regulation more than cryptocurrency

Date:

2018-12-15 17:15:07

Views:

4215

Rating:

1Like 0Dislike

Share:

Expert: insurance companies need regulation more than cryptocurrency Source:

Head of digital assets VanEck gábor Horbach claims that the insurance industry needs much stricter regulation than cryptocurrency. He declared in a dispute with Allianz CEO Andreas Utermann, who has previously stated the need to recognize the crypt illegal. It is suggested to impose restrictions on exchange and use of digital assets around the world.

the

Regulators focusing on the wrong thing

Now the remote tweet Horbach spoke rather sharply in the direction of Utermann and advised him not to talk about the topic of cryptocurrency.

My mother very nearly died in an accident a few years ago. All her injuries were in theory supposed to cover insurance payments from Allianz. It didn't pay us when we needed that money. Allianz should shut up and never talk about the crypt or insurance.

The Main argument against Utermann cryptocurrency was their alleged similarity with financial pyramids. In his opinion, they just take money from inexperienced investors and do not bear any value to the world. But Gorbach believes that the insurance industry should be regulated much stricter than now.

Insurance companies often lead investors astray, their work raises many questions and leaves the customer with nothing. This insurers need to adjust, not a crypt. Private insurance rules in each state knock customers off, they do not know what contracts to sign. Buy insurance — it's all the same what to buy bread, and instead get a piece of horse shit.

Source: Bloomberg

Earlier, gábor Gorbach on the implementation of all conditions of the SEC approval for an ETF on Bitcoin. However, the Commission on securities and stock exchanges of the United States is still the consideration of this question in February 2019. It seems that the next bullrun have to wait at least another few months.

Recommended

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

Infographic: the adoption of Bitcoin is growing, even in a bear market

Infographic: the adoption of Bitcoin is growing, even in a bear market

Yes, 2018 was a difficult period for all of captainvalor. At the moment Bitcoin has fallen by 82 per cent from its peak in December last year, while the bearish trend is not going to end soon. Market capitalization lost incredible...

Rating Agency Weiss: now is the best time to buy bitcoins

Rating Agency Weiss: now is the best time to buy bitcoins

Apparently, not all affected by the bearish headlines, from which no end for several months. In this known research company claims an best time to buy Bitcoin. Such statements can confuse anyone who is watching cryptosphere at lea...

Bitcoin is at the bottom. Will there be a pump on the weekends?

Bitcoin is at the bottom. Will there be a pump on the weekends?

Bitcoin still fell slightly below the critical support level of $ 3,200. The market now is probably in the worst position this year. Even if a rollback with the latest drain does take place, the growth of cryptocurrencies are unli...

Endless short: as sellers of Asimov pushing mining to the abyss

Endless short: as sellers of Asimov pushing mining to the abyss

you do Not need to remind you about how bad a bear market for miners. Due to the fall in profitability of production of crypt market hardware (GPU miners) are almost completely cooled. Once popular products that swept like hot cak...

What is Bitcoin like gold? An opinion of a trader Oanda

What is Bitcoin like gold? An opinion of a trader Oanda

best of all, the Bitcoin will reach their potential as a means of accumulation. This statement attempts to refute a trader from new York-based company Oanda Stephen Innes. In his opinion, the main cryptocurrency falls for one reas...

The expert called the fair price of Bitcoin. It is ten times higher than the current rate

The expert called the fair price of Bitcoin. It is ten times higher than the current rate

Known cryptonic and co-founder of Fundstrat Global Advisors Thomas Lee told Bloomberg that "fair value is significantly above current prices". Veteran market analysts said that considering the number of active Bitcoin wallets and ...

Stabilini: 5 main problems of scriptaction fixed price

Stabilini: 5 main problems of scriptaction fixed price

In late October, the Coinbase exchange was beginning to take USDC, and already pretty well accustomed to the major exchanges. So today we'll talk about the main risks stabilini expose the ecosystem. We will remind, supported by do...

The whole truth about the fork: Cash better than Litecoin Litecoin?

The whole truth about the fork: Cash better than Litecoin Litecoin?

We continue our series of articles on forkam major currencies. In the end, the ancient mastodons aren't always solid — they are sometimes too hard to budge to correct. And although the world of the blockchain means the trust and p...

Only 4 of the crypto currency exchange up to 100 thousand active users. What?

Only 4 of the crypto currency exchange up to 100 thousand active users. What?

since the crypt is still far from wide adoption by the masses, a large part of market activity accounted for by speculators and traders seeking to cash in on unprecedented volatility. While data from recent studies show how a negl...

What cryptocurrencies can't be trusted? A list of the most centralized coin

What cryptocurrencies can't be trusted? A list of the most centralized coin

Decentralization was one of the most important reasons for which you should use blockchain. However, even the most well-known projects in the industry of crypto currency is centralized. So says the Creator of Dogecoin Jackson Palm...

Players get ready: Razer will help you mine cryptocurrencies at home. But does it make sense?

Players get ready: Razer will help you mine cryptocurrencies at home. But does it make sense?

a multi-billion dollar gaming equipment manufacturer Razer has released a new program through which gamers will be able to use their unused cards for mainiga cryptocurrency. The main trick here is that in fact gamers will not be a...

Everything on the bottom: Bitcoin falls again to its annual low

Everything on the bottom: Bitcoin falls again to its annual low

the Week will soon come to an end, and Bitcoin was never able to break through the resistance area of $ 3475. After a bad test line, the cryptocurrency fell below, now it is on track to support at the level of the annual minimum. ...

Hackers hunt for owners of the Ethereum wallets. How not to lose all the cryptocurrency?

Hackers hunt for owners of the Ethereum wallets. How not to lose all the cryptocurrency?

you still get to mine crypto-currency a plus? Be careful, because hackers never sleep. According to Bitcoinist, fraudsters launched a full-scale campaign to search for and hacking vulnerable Ethereum wallets and even farms for min...

As mine Zcoin? Settings production on Windows and HiveOS, hardware requirements and the effectiveness of different graphics cards

As mine Zcoin? Settings production on Windows and HiveOS, hardware requirements and the effectiveness of different graphics cards

on Monday 10 December hardwork Zcoin. The main difference between the updated network was the algorithm of mining. The developers refused Lyra2z and turned on the Merkle Tree Proof, is also known as MTP. The main purpose of the up...

Google reported on popular queries for 2018. Bitcoin hit the top

Google reported on popular queries for 2018. Bitcoin hit the top

Google has published its annual report on searches for 2018. According to Google Trends, after 2017 search by term «Bitcoin» quickly came to naught, however, most of the requests were associated with the first crypto cur...

Bitcoin will absorb all Fiat will increase to 100 thousand. Interview with max Kaiser

Bitcoin will absorb all Fiat will increase to 100 thousand. Interview with max Kaiser

Edition of Bitcoinist once again contacted the one and only , a veteran of wall street and leading program the Keiser Report. He explains why not upset from-for falling of Bitcoin prices, why not pay attention to the ICO, and how ...

What will happen to Bitcoin? Popular predictions for the end of 2018 more irrelevant

What will happen to Bitcoin? Popular predictions for the end of 2018 more irrelevant

Many capturadora and enthusiasts hoped that by the end of 2018 Bitcoin and other popular crypto currencies will increase in value, and then get a big way to celebrate the winter holidays. Throughout the year, we watched as analyst...

Mike Novogratz: bullrun is a drug, that we got rid of

Mike Novogratz: bullrun is a drug, that we got rid of

Recently, one of the main supporters of the cryptocurrency on wall street Mike Novogratz gave an interesting interview to Bloomberg in which he compared the current state of the stock market «methadone therapy». He also ...