Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

deVere CEO: #Crypto is 'undeniably' mainstream as watchdog backs #Bitcoin


July 17, 2018 ( Newswire) Cryptocurrencies are now "undeniably part of mainstream finance", affirms the boss of one of the world's largest independent financial services organizations.

The bold statement from the founder and CEO of deVere Group, Nigel Green, comes as the Financial Stability Board (FSB), has released a report that concludes Bitcoin and cryptocurrencies do not currently pose a risk to the global financial system.

It also comes as Bitcoin (BTC), the world's largest and most influential digital currency, climbed the 50-day moving average (MA) on Monday for the first time in nearly two months, hiking its price above $6,700.

Mr Green comments: "Cryptocurrencies are the future of money and they are already undeniably part of mainstream finance.

"This is underscored today by the report by the Financial Stability Board (FSB), the international watchdog, which finds that cryptocurrencies do not pose a material risk to the global financial system - which some traditionalists with vested interests have hitherto argued in order to knock digital currencies."

He continues: "This report comes after the FSB, which is headed by Bank of England Governor Mark Carney, previously wrote a letter to the G20 finance ministers and central bank governors earlier this year stating that Bitcoin does not pose a 'systemic risk' to the global financial system.

"As such, the latest report can be seen as further recommendation of cryptocurrencies from the influential FSB - which has members from all the G20 major economies."

Mr Green goes on to say: "The FSB's conclusion follows more and more global financial institutions, major corporations and household name investors now working with cryptocurrencies and blockchain, the technology that underpins them, and as international regulation is developed further."

In May, deVere revealed findings of a global survey that found 35 per cent of wealthy investors will have exposure to cryptocurrencies by the end of 2018.

At that time, Mr Green said: "The survey's findings demonstrate that high net worth individuals are increasingly unable to ignore the huge potential of cryptocurrencies."

The deVere CEO concludes: "There's now surging awareness of the value, need and demand for digital, global currencies in a digitalized, globalized world.

"The world of money has fundamentally changed - and despite what some crypto cynics want, it can't and will not go backwards. Therefore, the FSB's proactive and positive work in this sector must be championed."

t: +44 207 1220 925
Twitter: @PriorConsults

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement. features content for Bitcoin, Blockchain and Digital Currency Stocks and ICO's at, and

View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory

Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's Latest News and Commentary

Check out our crypto blog on

Recently added at

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: Learn more about publishing your news release on the newswire

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Please read privacy policy: