Former UBS CEO: Regulatory uncertainty hinders the development of the encryption market

Peter Wuffli, former chief executive of UBS and head of Sygnum, the encryption bank, believes that the encryption market is still very young, and the only reason that hinders its development is that there is still uncertainty in regulation. For Facebook's Libra project, he believes that the state should control the currency, and any attempt to challenge the sovereign monopoly of the currency will not be allowed, and the reasons are sufficient.