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CRYPTO INSIDER: A big data CEO explains why he won't touch the crypto 'Wild West'

Market data giant IHS Markit is steering clear of cryptocurrencies until the sector gets formal regulation.

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Lance Uggla, CEO of the $20 billion company, told Business Insider at the Innovate Finance Global Summit in London this week that cryptocurrencies are "very speculative at the moment" and the market is "no different to a lot of young people that like to bet on the football."

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