A SEBA Bank exec believes that clear regulations will boost crypto adoption as we can see further in today’s latest cryptocurrency news.
The SEBA Bank exec Christian Borel said:
“In the medium-long term, I expect engagement with crypto to accelerate prompted by a clearer regulatory environment.”
With crypto being in the sights of regulators, most have wondered if regulation is good or bad for crypto but Borel says that if the laws are clear, it could push crypto adoption forward. The banking executive mentioned that the institutions are likely to adopt crypto in the advent of clear regulations and additionally, the presence of regulated counterparties in the banking industry will create a secure way for the institutions and the stakeholders to gain access to crypto:
“I expect to see a considerable acceleration in engagement and adoption of digital assets by institutions prompted by a clearer regulatory environment as these institutional players will require a regulated counterparty in which to operate securely.”
Borel also noted that the institutions are in line with digital assets and the interests when it comes to finding more prospects:
“Institutional investors have always been very attentive to new investment opportunities and their interest in the digital assets sector is coherent with this approach.”
The executive thinks that because it caters to the needs of many, the industry will be responsible for creating more digital asset banks in the future which is similar to a traditional bank. According to Borel, the digital bank will offer a full suite of traditional banking services but these are tailored for the economy as they have a wide range of crypto products:
“I believe that digital asset banks will be increasingly ubiquitous as the digital economy grows, adapting to the evolving needs of clients and prospects in the fast-paced digital asset economy.”
When asked about the benefits that digital assets can bring for both individuals and institutions, Borel said that crypto Is quite an appealing alternative and the other option is to stick with the low-interest rates but also low returns on investment. Guido Buehler who is the CEO of SEBA predicted that BTC can increase up to $75,000 which can happen as institutional money flow In crypto grows as well. According to Buehler, the asset pools are looking for the right moment to start investing in crypto.