US banks accomplice with crypto custodians

Grayscale Investments’ newest report “Reimagining the Way forward for Finance” defines the digital economic system as “the intersection of expertise and finance that’s more and more outlined by digital areas, experiences, and transactions.” 

With this in thoughts, it shouldn’t come as a shock that many monetary establishments have begun to supply companies that permit shoppers entry to Bitcoin (BTC) and different digital belongings. 

Final 12 months, specifically, noticed an inflow of monetary establishments incorporating help for crypto-asset custody. For instance, Financial institution of New York Mellon, or BNY Mellon, introduced in February 2021 plans to carry, switch and subject Bitcoin

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