Thursday, May 23, 2024
HomeAltcoinsClearity in crypto law will accelerate crypto adoption, says SEBA Bank executive...

Clearity in crypto law will accelerate crypto adoption, says SEBA Bank executive officer

According to a SEBA Bank executive, clearyfing rules will drive crypto adoption.

Numerous people have questioned if regulation is good or bad for crypto, especially now that it is in the eyes of many regulators. 

Christian Borel, Senior Executive Officer of SEBA Bank, believes that if the laws are clear, crypto use will accelerate.

Borel also stated that when it comes to identifying new opportunities, digital assets are in accordance with the goals of institutions. “Institutional investors have always been keen on new investment options, and their interest in the digital assets industry reflects this,” adds Borel.

The executive also believes that the market will see more digital asset banks in the future because it caters to a wide range of needs. A digital asset bank is a mirror of  traditional bank in many ways. A digital asset bank, according to Borel, provides “a full suite of traditional banking services.” These, on the other hand, are specifically designed for the digital economy, with a large choice of crypto-structured items.

Guido Buehler, CEO of SEBA Bank, estimated that Bitcoin (BTC) might reach $75,000 in January. As institutional money pours into the coin, this might happen. Asset pools, according to Buehler, are looking for the appropriate time to invest in BTC.

Read More




Please enter your comment!
Please enter your name here

14 + 12 =

- Advertisment -

Most Popular