As cryptocurrency is being watched by several regulators, many people have pondered over the suitability of regulation for crypto. Nonetheless, SEBA Bank’s Senior Executive Officer – Christian Borel – states that the crypto adoption can be lifted upward if the laws become clear. In an interview, the executive reveals that the organizations are expected to embrace the crypto sector after the arrival of clear regulation over the respective industry.
In addition to this, the regulated counterparties’ secure presence within the sector of banking generates a trusted and secure means for the organizations as well as the stakeholders thereof to get into the field of crypto.
He mentions his expectation that a considerable growth in the adoption, as well as engagement with the digital assets, will be witnessed in the case of the entities encouraged by a relatively clear regulatory scenario because there will be a need for a regulated counterparty to provide safe functionality to the organizational players. Apart from this, Borel pointed toward the digital assets stating that they agree with the institutional interests in the matter of pursuing the latest prospects.
In his words, the unique investment opportunities are always pursued by the institutional investors and this approach is coherent with the organizational investors’ interest in virtual assets, according to Borel. The executive considers that due to its accommodation of several people’s needs, there will be additional banks of digital assets in the coming days.
A bank of digital assets is like a conventional bank. As per Borel, a complete suite of the services related to conventional banking is provided by a bank of digital assets.
Nevertheless, the respective banks are modified for the virtual economy as they comprise a broad range of products dealing with crypto. He moved on to disclose that the banks of digital assets will gradually prevail with a growth in the virtual economy, adjusting with the transforming requirements of the consumers as well as the prospects within the economy of digital assets having a rapid pace.
On being enquired about the digital assets’ benefits for the individual as well as the institutional investors, Borel defined crypto to be an “appealing alternative.” This January, SEBA Bank’s CEO – Guido Buehler – anticipated that BTC (Bitcoin) could surpass the line of $75,000. This may become possible with the money flow from the organizational investments in the crypto sector.
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