Five Steps Banks Can Take to Ensure Effective Cryptocurrency Compliance Now

Five Steps Banks Can Take to Ensure Effective Cryptocurrency Compliance Now

The contentious Senate debate over new cryptocurrency regulation, which resulted in the delay of a $1.2 trillion infrastructure bill, is finally over. The fact that this dispute even occurred shows just how mainstream digital assets have become over the past few years.

Five Steps Banks Can Take to Ensure Effective Cryptocurrency Compliance Now WorldSpectrum / Pixabay – Valuewalk

Q3 2021 hedge fund letters, conferences and more

Today, America’s most popular cryptocurrency exchange, Coinbase, is a publicly traded company, and traditional banks and institutional investors are scrambling to increase exposure to digital assets. With cryptocurrency’s fast upward trajectory into the sphere of traditional banks and investors, compliance departments must educate and protect their firms as they move into uncharted waters.

Complexity And Risk

Many industry leaders continue to view cryptocurrencies and digital assets in the same way they view traditional fiat currencies or securities. But they shouldn’t. In reality, the technology…

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