A survey conducted by the Federal Reserve Board of the United States suggested that the majority of officials at major banks did not consider crypto-related products and services a priority in the near future.
According to the results of a Fed survey released on Friday, more than 56% of senior financial officers from 80 banks said distributed ledger technology and crypto products and services were “not a priority” or were “a low priority” for their growth and development strategy for the next two years, while roughly 27% said they were a medium or high priority. However, roughly 40% of respondents in the survey said the technology was a medium or high priority for their banks for the next two to five years.
Answers from surveyed bank officials were similar to the effects of crypto on liquidity management practices, with many respondents saying the technology would likely be unimportant for both the next two years and two-to-five years down the road. Some of the officials said the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...