# Professor David Yermack shares his thoughts on regulation and security of virtual currencies

1 Faculty News September 29, 2017 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/investigates/special-report/bitcoin-exchanges-risks/) -- "'These are new assets. No one really knows what to make of them,' said [David L. Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack), chairman of the finance department at New York University’s Stern School of Business. 'If you’re a consumer, there’s nothing to protect you.'"

[Read more](http://www.reuters.com/investigates/special-report/bitcoin-exchanges-risks/)