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The executive director of SEBA Bank believes that the regulation of digital currencies will not adversely affect the industry if the laws are clear and transparent.
Christian Borel is confident that regulation will encourage further adoption of cryptocurrencies, as investors and companies will feel protected by the law.
Borel said that many companies will start accepting settlements in cryptocurrencies in the future, as more “regulated counterparties” will appear in the banking industry. This will create a safe and reliable way for legal entities to access the crypto market. Now, says Borel, digital assets are of great interest to businesses, as they open up new perspectives.
Along with the adoption of cryptocurrencies, there will be more digital banks in the future, says Borel. The introduction of crypto assets into traditional banking systems that have worked without them for many years will take much longer than the opening of a new digital bank immediately adapted to a new industry.
When asked about the benefits of digital assets, the CEO of SEBA Bank called them “an attractive alternative.” He stated that cryptocurrencies can bring more benefits to both individuals and organizations.
Recall that in January of this year, SEBA Bank predicted the growth of bitcoin to $75,000 in 2022.
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