The CEO of Allianz (DE:ALVG) Global Investors (GI), an investment management firm with €524 billion ($595 billion) in assets under management, has called for crypto assets to be “outlawed,” Reuters reported Dec. 11.
Allianz GI CEO Andreas Utermann is said to have made his remarks during a panel in London on Tuesday, seated alongside the head of the United Kingdom’s Financial Conduct Authority (FCA), Andrew Bailey.