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StanChart Chairman: Financial Institutions Need Cryptocurrency Presence

Amy Liu

Summary: In a recent interview for CNBC, the Group Chairman of Standard Chartered – José Viñals – revealed his support for the cryptocurrency industry. He opined that monetary institutions engaged in digital asset endeavors would see “extraordinary development” in the future. The cryptocurrency space is an area where every financial institution “needs to be present.” Viñals ...

In a recent interview for CNBC, the Group Chairman of Standard Chartered – José Viñals – revealed his support for the cryptocurrency industry. He opined that monetary institutions engaged in digital asset endeavors would see “extraordinary development” in the future. The cryptocurrency space is an area where every financial institution “needs to be present.”

Viñals added that companies offering digital asset services need to provide maximum security for investors in terms of financial stability. He also urged for enhanced regulations in the cryptocurrency market.

By Amy Liu

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Link: StanChart Chairman: Financial Institutions Need Cryptocurrency Presence   [Copy]
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