Banks Are BULLISH On Crypto!! Here’s What It Means!!

"Europe is the region with the highest number of crypto-friendly banks followed by Asia and then North America."

"this is only going to be helped when mic the comprehensive regulation framework for the crypto industry in the EU comes into full force in December 2024"

"Banks across the world are exploring the tokenization of realwood assets on the blockchain including private ledgers and permission versions of networks like ethereum"

"This trend is gaining traction globally with regulatory bodies in Singapore Japan the UK and Switzerland beginning to test tokenization for various Financial products"

"JP Morgan itself has been leading the charge in terms of adopting Affiliated Technologies in 2019 it launched its own digital currency JPM coin it's a stable coin paided one to one to the US dollar and is designed to help transfer funds between some of J Morgan's clients last year the bank got approval for a new crypto wallet trademark J AP Morgan wallet which is designed to address the challenges of crossb payments and in October of this year the bank launched an in-house blockchainbased tokenization application"

"this growing institutionalization of crypto will not sit well with the purists who imagine a system where power and influence is removed from centralization control through decentralized networks"

"Others will argue that for crypto to become mainstream it needs the endorsement of the big institutions they'll argue that this is the only realistic position if we're to on board the next billion users and Beyond"