Allianz Global Investors are a leading asset management organization that are responsible for 500 billion Euros in client funds. The company employs close to 3,000 staff members and have offices in over 20 jurisdictions.
According to a recent report, Andreas Utterman, CEO of Allianz Global Investors, has stated that cryptocurrencies in their entirety should not be regulated.
On the contrary, Utterman believes that the European Union should instead move to have the digital phenomenon outlawed across the region.
“Cryptocurrency should be outlawed, I am surprised that regulators haven’t put in more effort in the industry” he concluded.
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