• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Regulatory Clarity Boosts Banks' Confidence in Digital Assets

Regulatory Clarity Boosts Banks' Confidence in Digital Assets

user avatar

by Aisha Farooq

11 hours ago


In a recent panel discussion hosted by the International Monetary Fund (IMF), Ripple's CEO Brad Garlinghouse highlighted the critical role of regulatory clarity in fostering banks' willingness to adopt digital assets. According to the official information, his insights come at a time when the global financial landscape is evolving rapidly.

Развитие регуляторных рамок

Garlinghouse pointed out that as regulatory frameworks in regions like Asia and Europe continue to develop, financial institutions are becoming more open to exploring various aspects of digital finance, including:

  • custody solutions
  • settlement processes
  • blockchain technology integration

Поворотный момент для финансового сектора

This growing interest among banks is seen as a pivotal moment that could drive the next wave of adoption within the financial sector. With clearer regulations, institutions are likely to feel more secure in their investments and operations involving digital assets, potentially transforming the way traditional finance interacts with emerging technologies.

In contrast to the discussions on regulatory clarity in digital finance, recent data from Nigeria reveals that 90% of cash is held outside the banking system, raising concerns about public trust in financial institutions. For more details, see cash hoarding.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

China's PBOC Reaffirms Stance on Crypto and Stablecoins

chest

During a recent financial conference in Beijing, PBOC Governor Pan Gongsheng reaffirmed that China's ban on cryptocurrencies remains in effect, emphasizing the risks associated with stablecoins.

user avatarSon Min-ho

Surge in Crypto Transfers from South Korea to Cambodia Raises Concerns

chest

Surge in crypto transfers between South Korea and Cambodia raises concerns about potential money laundering activities.

user avatarTando Nkube

DBS and Goldman Sachs Execute First OTC Crypto Options Trade

chest

DBS Bank and Goldman Sachs execute the first OTC cryptocurrency options trade, allowing better risk management for cryptocurrency exposures.

user avatarAyman Ben Youssef

Blockchain Industry's Onchain Revenue Set to Surge

chest

The blockchain industry is experiencing significant growth in onchain revenue, projected to reach $198 billion by 2025, following a record-breaking $97 billion in the first half of the year.

user avatarNguyen Van Long

Mastercard in Late-Stage Negotiations to Acquire ZeroHash

chest

Mastercard is in late-stage negotiations to acquire ZeroHash, a startup focused on stablecoin and crypto infrastructure.

user avatarKofi Adjeman

dYdX Proposes Compensation for Users Affected by Outage

chest

dYdX proposes a governance vote to compensate users affected by an eight-hour outage during a market crash in early October.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.