The banking system rules out the crypto market threat
There’s been a lot of “how-to” advice floating around the crypto space regarding what digital coins should and shouldn’t do. However, it’s not just the newest versions of Bitcoin or Ethereum that need to be updated; institutional investors looking to reduce or eliminate their exposed capital position have also seen an alarming increase in digital currencies. Many of these initiatives have centered around the banking system, which has long been at odds with digital currency adoption. Citizens of the world know that money is power — especially regarding financial institutions. That being said, we also know the threat posed by centralized financial organizations is only increasing. As globalization and blockchain adoption continue to expand, there will be new challenges for existing financial institutions to address efficiently and effectively. In this post, we look at what regulations currently exist governing crypto-based payments, potential solutions for managing this threat, and solutions for combating it.
