SEBA Bank: clear regulation will accelerate crypto adoption

The number of banks for digital assets will increase in the future, Christian Borel believes, the organization's senior executive

07.03.2022 - 16:25

325

1 min

What’s new? Christian Borel, senior executive officer at SEBA Bank, stated that clearly formulated laws can accelerate the adoption of cryptocurrencies. In an interview with Cointelegraph, he called cryptocurrency an attractive alternative to traditional finance.

Information on the Cointelegraph website

What else did Borel say? He said that having regulated counterparties in the banking industry creates a safe and secure way for institutions and their stakeholders to access the cryptocurrency sector. Borel added:

“Institutional investors have always been very attentive to new investment opportunities and their interest in the digital assets sector is coherent with this approach.”

What are the prospects? Borel believes that more digital asset banks will emerge in the future in the cryptocurrency sector. According to him, such organizations will be able to offer a full range of traditional banking services. At the same time, they are adapted to the digital economy as they have a wide range of crypto products.

What is known about the bank? SEBA Bank launched in 2019, offering a wide range of services designed to combine the field of cryptocurrencies and traditional banking. The Swiss-licensed bank’s services include asset management, trading, and custody. The wallet app, e-banking, and card allow customers to convert cryptocurrencies and traditional finance.

Author: