Cryptocurrencies
Cryptocurrencies Pose a Threat, Must Be Regulated, CEOs Say
- Nasdaq’s Friedman calls for legal oversight of coin offerings
- At MIT Sloan conference, Moynihan says anonymity is a risk
This article is for subscribers only.
Nasdaq Inc. Chief Executive Officer Adena Friedman and Bank of America Corp. CEO Brian Moynihan rang alarm bells about the nascent cryptocurrency market, calling for regulation of certain trading and warning about the potential to abet criminal behavior.
Initial coin offerings should be subject to securities laws, Friedman said Friday at a conference in New York hosted by the MIT Sloan School of Management. She said retail buyers deserve protection if they are to invest in the products. Moynihan warned that digital currencies could be used illicitly.