The German Bank warned the owners about the risks of cryptocurrencies to fail

© RIA Novosti / Vladimir Traveloperator in fotoracconti with the logo of the cryptocurrency bitcoin. Archive photoThe German Bank warned the owners about the risks of cryptocurrencies to fail© RIA Novosti / Vladimir Traveloperator the image Bank

German Bank Deutsche Bank advises not to invest in cryptocurrencies, said in an interview with Bloomberg, head of the investment Department for management of private capital Deutsche Bank Markus Muller (Markus Mueller).

eutsche Bank is not the first financial institution, warning of high risks associated with cryptocurrencies. So, last week the representative of the Swiss Bank UBS said that the credit organization will not engage in commercial transactions with bitcoin or cryptocurrency to offer to retail customers, as increased regulation in this area may lead to a serious fall in the value of this tool. Then chief economist of the International monetary Fund (IMF) Maurice Obstfeld said that state regulators across the world should carefully monitor the situation with the development of cryptocurrency that on the one hand, to benefit from it, and with another — to prevent risks.

On Monday afternoon, bitcoin, the price of which in mid-December were above 20 thousand dollars, is trading around 11 thousand dollars.

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