BBVA And we saw the steps taken by others and many global financial institutions began to turn to crypto currencies. Opportunities in this field and the transformation of digital finance are now effective in making radical decisions. Moreover, this is not like the metavers story in 2021. Banks are establishing their own crypto finance business and we are talking about advertising, beyond marketing.
ING Bank and Crypto Coins
Dutch banking giant IngIt is reported that it is working on the export of new stablecoin with other financial companies and crypto initiatives. This trial, which leaked by people familiar with the issue, will be made with the consortium, including some banks, including crypto companies.
Enacted Mica and crypto regulations in many respects for 27 states of the European Union became clear. This also led to the formation of legal infrastructure for traditional financial companies to enter the crypto area. One of the people who have information on the subject said;
“Ing with a few other banks stablecoin Working on the project. It is slowly progressing because more than one bank needs the approval of the board of directors to establish a common asset. ”
Since almost all of the existing stablecoins are indexed to the dollar, we see the new Euro Stablecoins with the encouragement of the European Union, and their export by the EU financial giants is not surprising. In crypto currencies The fact that the dollar domination crushes other currencies may have been seen as a risk by the EU in the long run.
Circle’s Euro Stablecoini EURC Even though there are stablecoins that are compatible with such laws, we will probably see much more soon. This will be the next stage of banks such as ING to provide direct crypto services to customers.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
