Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest
According to Rebecca Harding, a financial journalist and the acclaimed author of “The Weaponization of Trade: the Great Unbalancing of policy and economics,” major financial institutions are waiting to invest in the crypto market.
Harding, who operates as the CEO of Coriolis Technologies, a trade technology company that provides services to major banks and corporations in the traditional finance sector, said in an interview with Forbes contributor Billy Bambrough that the vast majority of banks are healthily skeptical and curious about crypto.
She explained that banks have started to acknowledge the need to invest in the market to keep up with developments in the cryptocurrency and blockchain space, but are currently awaiting the green light from regulators and financial authorities.
Harding emphasized that a growing number of banks have begun to invest and hold cryptocurrencies because they see the risk of their business models rendering irrelevant in the years to come if they fail to address the needs and demands of millennials and the new generation customers.
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