{"id":13333,"date":"2019-11-12T15:41:11","date_gmt":"2019-11-12T14:41:11","guid":{"rendered":"https:\/\/www.worldpolicyconference.com\/?p=13333"},"modified":"2020-04-23T16:15:19","modified_gmt":"2020-04-23T15:15:19","slug":"banks-are-staying-away-from-bitcoin-bubble-due-to-money-laundering-credit-suisse-ceo-says","status":"publish","type":"post","link":"https:\/\/www.worldpolicyconference.com\/fr\/banks-are-staying-away-from-bitcoin-bubble-due-to-money-laundering-credit-suisse-ceo-says\/","title":{"rendered":"Tidjane Thiam &#8211; Banks are staying away from bitcoin \u2018bubble\u2018 due to money laundering, Credit Suisse CEO says"},"content":{"rendered":"<p>Stock Daily Dish &#8211; 09.11.2019<\/p>\n<figure style=\"width: 678px\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/102855058-GettyImages-465758532.jpg?v=1529469022&amp;w=678&amp;h=381\" alt=\"Premium: Tidjane Thiam, Credit Suisse \" width=\"678\" height=\"381\" \/><figcaption class=\"wp-caption-text\">Credits: David Levenson | Bloomberg | Getty Images<\/figcaption><\/figure>\n<p>Banks have \u201clittle or no appetite\u201d to get involved with bitcoin and cryptocurrencies due to fears of a bubble and illicit activity associated with it, the chief executive of Credit Suisse said Thursday.<\/p>\n<p>\u201cI think most banks in the current state of regulation have little or no appetite to get involved in a currency which has such anti-money laundering challenges,\u201d Tidjane Thiam said at a news conference, according to .<\/p>\n<p>The banking executive\u2018s comments came as the digital currency .<\/p>\n<p>Thiam added that investors were only buying into the digital asset \u201cto make money,\u201d and described it as \u201cthe very definition of speculation and the very definition of a bubble.\u201d<\/p>\n<p>The chief financial officer of ING also weighed in on cryptocurrency worries Thursday, saying that, although digital assets are an effective means of exchange, the bank was not advising clients to in invest in them.<\/p>\n<p><a href=\"https:\/\/stockdailydish.com\/banks-are-staying-away-from-bitcoin-bubble-due-to-money-laundering-credit-suisse-ceo-says\/\">Read the article on Stock Daily Dish<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock Daily Dish &#8211; 09.11.2019 Banks have \u201clittle or no appetite\u201d to get involved with bitcoin and cryptocurrencies due to fears of a bubble and illicit activity associated with it,<\/p>\n","protected":false},"author":3,"featured_media":13468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[30],"class_list":["post-13333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-room","tag-30"],"_links":{"self":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts\/13333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/comments?post=13333"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts\/13333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/media\/13468"}],"wp:attachment":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/media?parent=13333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/categories?post=13333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/tags?post=13333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}