One of the leading banks in the world is looking at cryptocurrencies
The global systemically important bank intends to announce big news on theme digital currency market
Digital currencies will create new financial market sectors
Widespread creation and implementation cryptocurrencies important and absolutely inevitable, considers head of Standard Chartered
International consortium of news organizations, developing transparency standards.
The bank, included in the list of global systemically important institutions, intends to announce major news regarding the digital currency market in the coming days
Standard Chartered, one of the top UK banks, also included in the list of systemically important banks in the world, intends to announce some news regarding the digital asset market in the coming days. About this Standard Chartered CEO Bill Winters said at the Singapore FinTech Festival.
Winters argues that the new economy has a special place will be borrow not only digital currencies central banks (CBDCBills and coins may stay in the past due to a new financial instrument – central bank digital currency (CBDC). As of… More), but also virtual assets not sponsored by regulators.
When this he added that the ubiquitous creation and adoption of cryptocurrencies is important and “absolutely inevitable”.
Recognition by the elite
Winters notes that digital currencies are creating economic industries impossible at use of traditional monetary funds. IN quality example, the head of Standard Chartered cited digital currencies created for specific types projects, eg, markets voluntary carbon finance.
“Similar applications for digital currency and the creation of a digital currency ecosystem is what is coming soon time cannot be replicated with fiat currency, ”Winters said
The inevitability of the emergence of a sovereign digital currency earlier stated leaving office soon chapters American Citibank Michael Corbat. Despite on the “inevitability” of such an asset, the speed of appearance directly depends on him nature, noted Korbat.
Korbat also said that Citibank already works with “some governments in the world” over creation and commercialization of digital currencies. With which countries and what digital currencies were discussed, Korbat did not specify.
Meanwhile Rep. USA Maxine Waters urged Joe Biden to tighten controls or repeal some of the cryptocurrency regulations previously adopted by the United States Foreign Exchange Control (OCC).
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