Crypto investing is like gambling on horse races and the market was caught in a 'bubble doomed to burst,' ECB's Panetta says

Crypto investing is like gambling on horse races and the market was caught in a 'bubble doomed to burst,' ECB's Panetta says

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Gregory J. Fisher-USA TODAY Sports European Central Bank's Fabio Panetta says crypto "urgently" needs a regulatory crackdown. The economist says parts of the industry were a "bubble doomed to burst," but crypto is still here to stay. "It turns out that crypto-assets are not money. Many are just a…

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