Emily Portney thinks cryptocurrencies will account for a meaningful part of BNY Mellon's revenue in 2023.
Crypto Could Contribute to BNY Mellon’s Revenue in 2023, Says CEOEmily Portney thinks cryptocurrencies will account for a meaningful part of BNY Mellon’s revenue in 2023.
According to BNY Mellon’s Chief Executive Officer – Emily Portney – digital assets could create a significant source of revenue starting from next year for the financial institution.The Bank of New York, established in 1784 and operating today as BNY Mellon, is the oldest continuously functioning bank in the past year or so., Chief Executive Officer Emily Portney reaffirmed that position.
America’s oldest bank teamed up with Fireblocks in its cryptocurrency endeavors. The latter is a unicorn fintech platform that provides digital asset custody services to some of the largest crypto investment managers, exchanges, and traditional financial institutions. Portney believes the collaboration with such a partner is “foundational to everything we’re going to do.”
BNY Mellon’s CEO touched upon cryptocurrency regulations, too. She opined that global watchdogs should implement clarity in the space, which will be a stepping stone for her bank, considering it is willing to govern digital assets. Portney expects regulators to impose rules during the first half of 2022.“There are proposals in front of the Securities and Exchange Commission that haven’t yet been approved or whether ETFs can actually hold digital assets directly versus future,” she added.
with the world’s largest digital asset manager – Grayscale. As a result, the banking giant said it will assist in converting Grayscale’s BTC Trust into an exchange-traded fund.the cryptocurrency trading venue Pure Digital. Furthermore, it assured its customers that it will “explore new digital asset servicing solutions” once the regulatory landscape developed.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Mike Novogratz Issues Bearish Warning About CryptoWith the US10Y rising to a two-year high, novogratz sees no relief bounce for crypto and NDAQ
Leer más »
The Hurry-Up: AJ Hoffler to Visit Ohio State This Weekend, Buckeyes Offer Four-star Linebacker Tackett Curtis and Wide Receiver Micah HudsonThe Hurry-Up: AJ Hoffler still considers Ohio State his No. 1 school and will visit Columbus this weekend, and four-star prospects Tackett Curtis and Micah Hudson land OSU offers.
Leer más »
India’s Prime Minister Calls for Uniform Approach to Crypto RegulationIndian Prime Minister Narendra Modi urged other countries to jointly shape cryptocurrency regulations
Leer más »
Law Decoded: First-mover advantage in a CBDC conversation, Jan. 10–17Strong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week's top crypto policy stories is here.
Leer más »
A Beginner's Guide to Binance Lite | Binance AcademyBinance Lite is a simplified version of the Binance App. It aims to make buying and selling cryptocurrencies easier for those that are new to crypto trading.
Leer más »
The Creator Economy is Booming Thanks to Creator Coins | HackerNoon'The Creator Economy is Booming Thanks to Creator Coins' by AmandaWhitcroft creators contentcreators
Leer más »