Australia's largest bank sees greater risks in non -participation to crypto -

Veröffentlicht:

Von:

Crypto Fomo: Australia's largest bank sees

The CEO of the Commonwealth Bank of Australia (CBA), the country's largest bank, sees great risks not to participate in cryptocurrencies. "We see risks in participation, but we see greater risks in not participating," he said.

crypto fomo, banks have to get involved, says the CEO of Commonwealth Bank

The CEO of the Commonwealth Bank of Australia, Matt Comyn, spoke in an interview with Bloomberg Television in Sydney on Thursday about the fear of missing something (FOMO) when it comes to Bitcoin and cryptocurrency. Commonwealth Bank or Commbank is an Australian multinational bank with shops in New Zealand, Asia, the USA and Great Britain

comn said that although cryptocurrencies are "very volatile and speculative", banks should be involved in crypto and blockchain technology, and referred to the insatiable demand from customers for crypto trading. He said:

We see risks in participation, but we see greater risks in non -participation.

while he emphasized: "It is important to say that we have no look at the asset class itself," he noted, "we see them as very volatile and speculative asset."

In addition, the bank believes that cryptocurrencies will remain. The CEO of the Commbank said:

We also do not believe that the industry and technology will disappear so quickly. That is why we would like to understand it and offer our customers a competitive offer with the correct information on risks.

The head of the Commonwealth Bank also commented on the digital currencies of the central banks (CBDCs). "Many central banks check the applicability of a digital central bank currency, what would that look like, what would be the advantages of it," he said. "We would like to participate. We think it is important that Australia builds up skills and tested various versions of the future. We hope that we can contribute to this."

At the beginning of this month, the bank that some customers in cooperation with the cooperation KryptoBörse Gemini will give the opportunity to buy, sell and keep crypto-assets directly via his app and keep Litecoin, "said the bank, adding:" The pilot project will begin in the coming weeks and CBA intends to gradually provide more functions for more customers in 2022. "

What do you think of the comments of the CEO of the Australian Commonwealth Bank? Let us know in the comment area below.

Bedy verification : Shutterstock, Pixabay, Wiki Commons