Canadian TV Celebrities: Cryptographic currency is not compliant and will not participate

Canadian businessman and television celebrity Kevin O'Leary said that cryptocurrency poses a serious threat to the financial services industry and he is not interested in doing anything about this "encrypted junk" because it is not compliant. However, O'Leary proposed a hypothetical “regulated” crypto asset based on two or three major legal tenders, such as the US dollar, Japanese yen, euro or Swiss franc, and is likely to purchase equity and pay debt. And taxes and convert back to the original fiat currency.