Swiss Regulator Urges Financial Watchdogs To Protect Crypto Investors

Cryptocurrency trading increasingly resembles the U.S. stock market of the late 1920s, Switzerland’s financial market regulator said on Wednesday, calling for other regulators to take more action to protect consumers from abuse in the crypto sector. 

“There’s much more that can be done,” said Urban Angehrn, CEO of the Swiss Financial Market Supervisory Authority (FINMA). “Let’s also think about the potential of technology to make it easy to deal with the large amounts of data and to protect consumers from trading on abusive markets.”

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