PayPal's announcement in October 2020 to allow customers by early 2021 to buy, sell and hold bitcoin and other virtual coins using the digital payments company's online wallets may enable Cryptocurrency as a funding source for funding FX/Crypto trading accounts worldwide. Business, customers and accounting professionals can account for Bitcoin and other cryptoassets and save time and reduce complexity by automatically syncing information directly from cryptocurrency activity. This comes at a time when the brokerage business of Crypto Finance Group has just received its securities house licence from Swiss regulator liste aller patente kryptowährungen FINMA. Our crypto brokerage is also one of the very few globally that is regulated, after being granted the securities house licence from Swiss financial regulator FINMA. Since its founding in 2017, the group has been recognised reich werden mit kryptowährungen several times, including as a Crypto Valley Top 50 blockchain company, Top 100 Swiss Start-up, and 2019 Swiss sperrfrist handel kryptowährungen FinTech Award winner. We live in an age of digital disruption that has accelerated over the last year. I think it is important to explain how we got where we are today. Why do you think every bank needs a crypto asset strategy? You cannot plug-and-play distributed ledger technology within a bank.
Many different parts of the bank will be affected during a project like this. This means addressing the cost pressures as they will need to run their existing banking systems in parallel with this new technology for many years to come. Whether they are interested in directly trading and transacting, or in asset management with white label products, banks will need iwf lehnt kryptowährungen ab an offering for various clients who want to invest in crypto assets. Crypto assets have therefore, emerged as a legitimate and important asset class that cannot be ignored. The Crypto Finance Group’s brokerage services allow banks and institutional investors to participate in this emerging digital asset class with secure, liquid, and transparent trading. I believe we are in the midst of a crypto asset bull run that is being driven by institutional investors, corporations and financial institutions. In the midst of this change, crypto assets are emerging as a https://www.jmoellerconsulting.com/was-spricht-gegen-kryptowahrung ’safe-haven‘ asset for institutional investors looking for alternative stores of value for their investment portfolios. With it, we can offer our clients a holistic crypto asset service from the Crypto Finance Group. The speculative nature of crypto assets in the past, such as bitcoin, has faded quite a lot.
The other challenge banks face is creating access to the market. As a broker, we ensure liquidity, plus secure and efficient access across multiple exchanges with our algorithmic trading system for bitcoin and a wide range of altcoins and stablecoins. The securities house licence granted by FINMA to Crypto Broker AG - the brokerage firm of Crypto Finance Group - is one more step in making secure, reliable access to crypto assets possible for the finance sector. Without this type of coordination, it could be an extremely lengthy and even more costly process. It is an exciting time and one that could see the complete transformation of our global banking system. Every time banks adopt new technology, it usually means a large, multi-year long project with costs running into the hundreds of millions. With a new DLT law addressing many questions around crypto assets effective in February 2021, Switzerland is one of the few countries with this regulatory clarity. Banks are taking this new technology very seriously despite the formidable challenges they face. Central banks are unleashing record levels of monetary stimulus, while technology continues to rapidly reshape our global economy. They handle a huge number of financial transactions, which allow our global economy to function.
Finally, there is our brokerage business, which I lead. First, there is our asset management business. By working with licenced counterparties, like the Crypto Finance Group and their brokerage business Crypto Broker AG, banks receive a viable and efficient path to offering crypto asset services to their clients. Now that the brokerage business has been awarded a securities house licence, what benefits open up for clients of Crypto Finance? The days of ICO exuberance are over and we are now entering a new era of well-regulated and securitised asset tokenisation. Rupertus Rothenhäuser, CEO of the brokerage comments, “It’s now possible for banks to shape a crypto asset strategy within the regulated finance sector“ based on the full suite of crypto asset financial services the Crypto Finance Group provides professional investors. He also reviews what the Crypto Finance Group offers on their trading platform for professional investors and banks, and the full suite of services the group provides.