Crypto Banking refers to financial services tailored for digital assets. It includes activities like cryptocurrency lending, borrowing, and asset management. These services bridge traditional finance with the digital asset economy. Institutions providing these offerings often handle both fiat and cryptocurrencies, facilitating diverse transactions. This sector aims to offer a full suite of financial products within the digital asset domain.
Context
The development of crypto banking faces significant regulatory scrutiny globally. Discussions center on consumer protection, anti-money laundering compliance, and systemic risk mitigation. Future growth depends on clearer legal frameworks and technological advancements in secure asset handling. This sector is watched closely for its potential to reshape established financial infrastructure. Governments and financial bodies are working to establish appropriate oversight.
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