Crypto’s Richest Billionaire Says Banks Should Be More Involved With Digital Asset Industry
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Binance chief executive officer Changpeng Zhao says banks serve an important role in the crypto ecosystem. Zhao says the Basel Committee on Banking Supervision (BCBS) is seeking opinions on the extent to which banks can have exposure to crypto assets. The billionaire says “sensible and consistent regulatory frameworks” can stimulate growth in the industry. “We need them to keep driving adoption, which is why we support their increasing involvement in the development of crypto,” he says. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is an investment advisor. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency and digital assets.Disclaimer: Opinions expressed at Source