The scene of the encryption of the United States flourishes with the return of President Donald Trump, as his pro -kicks and payment for clear regulations excite excitement in Wall Street.
In a modern update, the Crypto Yueqi Yang correspondent has exchanged visions about the increasing participation of American banks in the encryption services sector. It is worth noting that some large banks benefit from organizational changes during President Trump’s era to enter the market, with a focus on custody of the cryptocurrency.
Citigroup is considering adding encryption nursery services, according to the sources that have been quoted. This step follows the bank’s announcement of a successful guide to the concept project, which has demonstrated its ability to issue and store the distinctive special stock boxes on Blockchain.
Citigroup joins the main financial players
It is worth noting that Citigroup, with 2.4 trillion dollars of assets, joins other major financial institutions in the growing nursery area of the growing digital assets.
BNY Mellon expands its nursery services beyond Bitcoin and ethereum etfs, while Standard Charged provided digital asset nursery service in Dubai. HSBC plans to detention from the institutional degree, and the Crédit Agricole and Banco Santander project has obtained the approval of the encryption custody in France.
Meanwhile, State Street, which runs 44.3 trillion dollars, shared a partnership with Taurus to provide encryption nursery services and the distinctive symbol of institutional investors.
During talks with Coinbase with banks to provide custody and trade services, many banks are still awaiting the approval of the Federal Reserve and the Ministry of Financial Services in New York, which delay their entry into encryption trading, and the Yang Information Correspondent pointed out.
More bank encryption services
Jerome Powell, head of the Federal Reserve, said that American banks with suitable tests can serve encryption customers. However, many in this industry are concerned about linking Debanking to new technology. Recently, Powell promised to work with Congress to end this issue.
At the same time, more banks are looking for encryption services. In January, Moran Stanley, backed by e -commerce, hinted to the provision of encryption services, while Goldman Sachs said it would consider digital asset operations if the regulations allow.
