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Fortune
Fortune
Marco Quiroz-Gutierrez

‘Inherently speculative … slightly crazy’: Davos bigwigs snipe at crypto and call for more regulation

(Credit: Stefan Wermuth—Bloomberg via Getty Images)

If there’s one thing that the crowd of bankers and finance types at Davos can agree on, is that banks are safe and crypto is, as one attendee put it, “inherently speculative.”

That attendee, Senior Minister Tharman Shanmugaratnam of Singapore also added that crypto assets are “slightly crazy,” as the audience laughed in agreement.

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