Financial firms and governments deeply sceptical of cryptocurrencies: survey

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By Tom Wilson
LONDON (Reuters) - Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Tuesday, with the potential for bitcoin and other digital tokens for use in money laundering and sanctions busting among the chief worries.
Around 60% of respondents from financial firms, government and the private sector alike to the survey by the Royal United Services Institute think-tank and the Association of Anti-Money Laundering Specialists said cryptocurrencies were a risk rather than an opportunity. Illicit usage was the major concern.
The findings, one of the most detailed efforts yet to map out mainstream global views towards cryptocurrencies, lay bare the depth of scepticism towards the emerging tech.
They suggest an uphill struggle for the crypto industry to achieve wider acceptance, even as ...


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