Estimated reading time: 0 minutes, 24 seconds

Munger: Ban 'Gambling' On Crypto

Berkshire Hathaway Vice Chairman Charlie Munger criticized the lack of regulation in the cryptocurrency sector and said he thinks the U.S. should ban cryptocurrency outright. So reports CNBC.

Munger said the assets do not fall into the category of currency, commodity nor security, and amount to little more than “a gambling contract with a nearly 100% edge for the house.” Munger and Warren Buffett, his business partner, have a long history of skepticism in the cryptocurrency space.

Read the full article from CNBC.

Read 275 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.