Strategy CEO Says Global Systemically Important Banks to Enter Bitcoin Services Within a Year
JH Kim
Summary
- Strategy CEO Phong Le said he expects global systemically important banks to move into Bitcoin (BTC)-related services within the next year.
- He said global systemically important banks, which have a major impact on the international financial system, will begin offering Bitcoin-related services.
- He did not specify what form those Bitcoin services would take or when individual banks would launch them.
Forecast Trend Report by Period
Strategy CEO Phong Le said global systemically important banks will move into Bitcoin-related services within the next year.
Bitcoin Magazine reported on September 18 that Le expects those banks to begin offering Bitcoin-related services over the coming year.
Global systemically important banks are large lenders designated by the Financial Stability Board for their outsized impact on the international financial system and are subject to additional regulation.
Le did not specify what form those Bitcoin services would take or when individual banks would launch them.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.