Investors are interested despite the bear market for crypto: Bny Mellon Exec

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Von: Krypto News Österreich

Michael Demissie, Leiter des Bereichs Digital Assets bei der Wall Street Powerhouse Bank of New York Mellon (BNY Mellon), hat bekannt gegeben, dass die Anleger inmitten des Bärenmarktes immer noch sehr an Digital Assets interessiert sind. Laut Reuters Berichtglaubt Demissie, dass Kryptowährungen hier bleiben werden, da die Investoren trotz des Zusammenbruchs mehrerer Firmen und anderer ungünstiger Ereignisse im letzten Jahr das Interesse an der aufstrebenden Branche nicht verloren haben. Demissie: Digitale Assets sind gekommen, um zu bleiben Der BNY Mellon-Manager äußerte seine Meinung während eines Krypto-Panels, das auf der siebten jährlichen FinTech- und Regulierungskonferenz von Afore Consulting veranstaltet wurde. „Was …
Michael Demissie, head of the digital assets area at Wall Street Powerhouse Bank of New York Mellon (BNY Mellon), has announced that investors are still very interested in digital assets in the middle of the bear market. According to Reuters, Demissie believes that cryptocurrencies will remain here, since despite the collapse of several companies and other unfavorable events, investors did not lose interest in the emerging industry last year. Demissia: Digital assets have come to remain the BNY Mellon manager expressed his opinion during a crypto panel, which was organized at the seventh annual fintech and regulatory conference of AFORE CONSULTING. "What ... (Symbolbild/KNAT)

Michael Demissie, head of the digital assets division at Wall Street Powerhouse Bank of New York Mellon (BNY MELLON), has announced that investors are still very interested in Digital Assets in the middle of the bear market.

According to Reuters Report , Demissie believes that cryptocurrencies will remain here, since despite the collapse of several companies and other unfavorable events, the investors have not lost interest in the emerging industry.

Demissia: Digital Assets have come to stay

The BNY Mellon Manager expressed his opinion during a crypto panel, which was organized at the seventh annual fintech and regulatory conference by AFORE CONSULTING.

"What we see is that customers, on the whole, are absolutely interested in digital assets," said Demissie.

To support his point of view, Demissia quoted a survey that the bank carried out in October. The Report called "Migration to Digital Assets Accelerates" showed that the institutional interest and the question of investors have increased.

Of the 271 institutional investors surveyed, 91 % stated that they were interested in investing in tokenized products, since they would revolutionize asset management and be good for the industry.

In addition, 88 % of those surveyed stated that they are satisfied with the digital representation of cash by blockchain-based technology, and 86 % of the bank's customers stated that they use the "Buy and Hold" strategy, which indicates that they consider cryptocurrencies to be long-lived. temporary assets.

The crypto industry needs a deeper regulation

Remarkably, 69 % of investors stated that their chances of dealing with crypto would be increased if highly valued institutions would offer digital asset services. For this purpose, Demissia asked the US authorities to ensure regulatory clarity so that the industry could progress.

"It is important that we navigate in this space. We absolutely need clear regulations and rules for road traffic. We need responsibility -conscious actors who can offer reliable services that do justice to the trust of investors," he said.

Meanwhile, Bny Mellon recently appointed Caroline Butler to the CEO from Digital Assets to speed up the bank's crypto initiatives. This happens after the finance giant presented its crypto custody platform in October. As cryptopotato reported this step BNY Mellon made the first American bank that made it possible to deposit their crypto stocks.

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