Complementary: Bitcoin trading requires complementary to a financial activity authority under the Bank Holding Company Act
By EsqSocial Corporation 07/06/21
There has been recent speculation that banks are about to enter the cryptocurrency markets. This makes a lot of commercial sense: There clearly is customer demand for banks to offer services similar to those they offer for other financial assets. But cryptocurrencies, including perhaps the most famous example – Bitcoin – are not like other financial assets. They are highly volatile, and raise significant questions of proper risk management, custody and use. While banks generally have broad...
By: White & Case LLP