It is a matter of ‘when’, and no longer ‘if’, banks completely adopt crypto trading, and are accepted into the wider crypto eco-system. You can be pretty sure that when the time comes, Citi will work with companies like BlockFi and exchanges like Uniswap.
It is beyond doubt that this intense activity focused on the DeFi platform will draw the eye of the regulator. When there is just a few million dollars like their was in most of 2019, the Year of DeFi according to some, this is still probably some new form of ICO in the eyes of the regulator. Today, with billions of dollars trading in the last few weeks, it might not be long before the regulator or tax office steps in
Sign up for our free newsletter and receive the latest banking and fintech stories, straight to your inbox - every week
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
