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Banks Set to Increase Engagement in Digital Assets

Banks Set to Increase Engagement in Digital Assets

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by Gustavo Mendoza

2 days ago


In a significant development for the digital asset market, banks are poised to enhance their involvement following remarks from CFTC Chair Caroline D. Pham. Her comments underscore a growing trend among major financial institutions to embrace digital assets, signaling a potential transformation in the industry. The publication provides the following information:

Банки начинают взаимодействие с цифровыми активами

Pham noted that prominent banks such as

  • JPMorgan
  • BNY Mellon
  • Citi
have already initiated steps to engage with digital assets. This shift comes in the wake of the removal of previous regulatory restrictions, which had hindered banks from fully exploring opportunities in the digital asset space.

Перспективы для рынка цифровых активов

As these institutions move forward with projects that have been in the pipeline for years, the digital asset market could see increased visibility and trading volume. This is particularly relevant for assets like XRP, which are specifically designed to facilitate efficient cross-border transactions, potentially revolutionizing the way international payments are processed.

As the SEC's evolving stance continues to unfold, it is crucial to consider the implications of these changes in the context of ongoing regulatory shifts. Recently, the SEC has been experiencing a significant transformation under new leadership, which may further influence its approach to cryptocurrency regulations. For a deeper understanding of this regulatory shift and its potential impact on the market, you can read more about it here.

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