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The introduction of the regulatory framework will create conditions for the widespread adoption of cryptocurrencies. Legislation should be simple and as comfortable as possible, believes Christian Borel from SEBA Bank.
The top manager of the bank notes that many financial institutions are interested in the development of the cryptocurrency industry. However, they are deterred by the lack of clear rules for working with digital assets.
If the states solve this problem, the industry will develop much faster.
Borel emphasized:
I think the adoption of digital currencies by companies and other institutions will accelerate if there is a clear regulatory environment. Institutional investors need conditions for safe operation.
Crypto regulation will accelerate the entry of banks into the cryptosphere. We will see how credit organizations massively begin to work with digital assets and serve blockchain startups.
The adoption of cryptocurrency will accelerate the process of global digitalization of the economy, summed up the top manager of SEBA Bank.
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