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According to PR Newswire, digital currency’s global market will grow by a compound annual growth rate of 3.5% between 2021-2026.
Currently, 21.2MM US adults own cryptocurrencies.
The OCC recently gave banks the go-ahead to provide cryptocurrency custody services.
How are financial institutions spending their technology dollars in 2021?
Yet, banks that accept cryptocurrency-sourced deposits need to be especially vigilant around AML rules.
The FDIC noted in April that it's seeing gaps in banks' vendor contracts.
Some central banks are testing the use of their own cryptocurrencies in some form.
Digital wallets, where cryptocurrency sits, and the exchanges on which they can be traded, present vulnerabilities that have already publicly been exploited.
One way to track whether and when it's safe to hook on to blockchain is by monitoring the regulatory and legal world.
How to talk to your millennials about cryptocurrencies.