Large banks are ready to start working with cryptocurrencies.

[Mavalet]

Rebecca Harding, CEO of Coriolis Technologies-a company that serves financial institutions from the banking sector-said that major financial institutions have a desire to provide services related to digital assets, but there is no possibility due to the lack of legal regulation.

Harding also shared information that Bank customers are increasingly interested in cryptocurrencies.

"If the regulator does not determine the regulatory framework and financial institutions are unable to provide the desired tools in the near future, their business model may be inappropriate," she said.

According to Harding, Bank customers are actively interested in digital money. This is also confirmed by studies of the Korean news Agency Yonhap, according to which the country's commercial banks own bitcoins and ethers worth more than $2 billion.

Earlier, three American investment banks Goldman Sachs, Morgan Stanley and Citigroup launched products for major players interested in digital assets. Russian large banks, including Sberbank and Alfa-Bank, are also ready to start working with cryptocurrencies. Financial organizations are planning to address the government with a proposal to develop a legislative framework in the near future.

Source https://www.rbc.ru/crypto/news/5bb76d879a7947db0d074fcd?utm_source=yxnews&utm_medium=desktop

[carcas]

Yes, I got the same information on CCN, there are several banks that use blockchain and crypto technology. as well as ripple who collaborate with several major banks in the world. I'm sure crypto will be more popular and widely used in the future.

[cryptofunn]

for banks it is a tasty morsel, get a new type of money and earn money on it

[luvr1000]

This is very good news. Thanks to such news, the market is likely to rise slightly. I hope that many banks will switch to blockchain technology and accept cryptocurrency.

[bagas79]

Because the development of cryptocurrency grew rapidly, and was encouraged by a more smooth and growing transaction system and increased exchange rates and many investors who were interested in investing. Because this is what makes a number of banks start to look at it and it is not impossible to start working with cryptocurrency

[sixexgames]

I had read TD Ameritrade is going to be getting into trading futures products. I hope this means that these banks will actually need to buy and trade some amount of "physical" cryptocurrency. I can see this as a good thing... or a way for them to take over and completely destroy the cryptocurrency industry. Time will tell.

[napster]

Don't think so. They can work with blockchain to compete with each other, but when they start using cryptocurrencies, they know it will be the sign of their death.

[Zed0X]

Banks incorporating blockchain technology is good but I am not sure about banks and cryptocurrencies together. If it ever happens, it could be similar to what centralized exchanges do.