CME Group CEO: The Biggest Obstacle for Crypto is Regulators

The chairman and CEO of CME Group has stated that financial regulators will be unlikely to give a nod to crypto and are much more likely to approve of digital currencies backed by existing fiat currencies. Terry Duffy also said that cryptocurrencies such as Bitcoin will need such a regulatory green light for the industry surrounding digital assets to progress.
The executive from the Chicago Mercantile Exchange Group believes that such regulatory approval is difficult to imagine coming for crypto