News

European Banks Might Soon Hold Bitcoin

On Monday, Feb 5. during the European Parliament meeting European Central Bank President Mario Draghi spoke of the possibility that European Banks may hold Bitcoin in the Future.
After the recent launch of Futures Contracts on the CME, Bitcoin and other Cryptocurrencies have started to gain a lot of notice around the world, especially by major Banks who are starting to block cryptocurrency transactions. As cryptocurrencies push their way into the mainstream of finance; more Banks and financial institutions are beginning to take more consideration of the fact that this may actually become the currency of the future.
In the meeting, Draghi stated:

“However, recent developments, such as the listing of Bitcoin futures contracts by US exchanges, could lead European banks too to hold positions in Bitcoin, and therefore we will certainly look at that.”

Although many are still unsure of how, or if regulations could be applied to Bitcoin, many are still beginning to jump on board with the idea of a more ‘supervisory’ role, rather than a regulatory.

Related posts
BanksBitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTMarketsNewsUSAxbtusd

Bitcoin Retakes $57K As Hundreds Of US Banks Prepare To Offer Crypto Trading And Custody To Clients

Bitcoin has recouped the losses from recent sell-off after news that the world’s oldest cryptocurrency is soon coming to hundreds of United States banks. Data from CoinMarketCap shows that bitcoin is hovering at $57,091.36 at press time, with 5.47% daily…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTJamie DimonjpmorganNewsxbtusd

My Clients Care About Bitcoin, I Don’t: JPMorgan CEO Jamie Dimon

The trajectory that bitcoin has seen over the last decade has been nothing if not interesting. There was a time where it was popular among top financial executives to denounce bitcoin and declare it is a scam or fraud at…
CoinbasecryptocurrencyCryptocurrency NewsFeaturedNews

How Coinbase is Driving the Crypto Market to the Richest Fintech Hands

Not every cryptocurrency proponent is a fan of the giant exchange platform Coinbase. But if sentiments are kept aside, it is crystal clear that the platform is leading the cryptocurrency market into some of the richest hands the industry will…