Wild West Crypto Show Explores the Evolving Relationship between Banks and Crypto

March 25, 2019 11:51:31
  • Show hosts discussed a Bank of International Settlements (BIS) report showing that seven percent of central banks are studying cryptocurrencies
  • CryptoCurrencyWire’s communications director analyzed BlockPal and Tortooga’s digital wallet news
  • This episode’s guest, a securities attorney, is an advocate of the crowdfunding strategy in the crypto space

During episode 52, Drew Taylor and Brent Bates, hosts of the Wild West Crypto Show (“WWCS”), asked why banks seem to be so anti-crypto when a new report by BIS finds that 70 percent of the 63 banks surveyed are conducting conceptual research on central bank digital currencies (“CBDC”). However, the study also found that 85 percent of banks surveyed are unlikely to issue these digital currencies in the near term, or even within the next one to three years (http://nnw.fm/CZpj5).

“If you can’t beat ‘em, join ‘em,” Taylor and Bates said during the discussion (http://nnw.fm/nW1HQ). The two hosts pointed out that, despite the central banks taking a non-participant attitude, crypto transactions are growing, with $7 billion invested in…

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