The Malta Independent 20 June 2019, Thursday

Crypto fever is over, the Paris Fintech Summit shows

Tuesday, 5 February 2019, 11:09 Last update: about 5 months ago

Crypto fever has truly broken, a report on Bloomberg says.

That was a big takeaway this week from the Paris Fintech Forum, one of the biggest annual gatherings of its kind in Europe. On Tuesday and Wednesday, about 3,000 entrepreneurs, investors, bankers, and regulators descended on the neo-classical Palais Brongniart, once home to the stock exchange. Last year, with Bitcoin and its imitators soaring, attendees jammed discussions on blockchain technology.

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"I nearly lost my whole team to cryptocurrencies," said Will Andrich, the CEO of Switzerland’s Thaler.One, which says it creates real estate-backed digital securities.

No such problem this year. With the top 10 crypto assets down 80 percent in the last 12 months and skepticism mounting, many fintech pros concluded that the technology may not be ready for prime time, especially in an industry this heavily regulated.

The full report may be found here

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