European Banks Aren't Interested in Crypto Investments

This is said by Chairman of European Central Bank at his Europarlament Speech
06 February 2018   436

Chairman of the European Central Bank (ECB) Mario Draghi said that the regulator is studying the potential risks that crypto currencies represent for the financial stability of the banking industry. However, according to the ECB, banks are not interested in bitcoin investments. This is reported by Reuters.

We are not observing a systematically relevant holding of digital currencies by supervised institutions. Actually, credit institutions ... are showing limited appetite for digital currencies, like Bitcoin. We should understand that Bitcoin and other digital currencies are in the unregulated space and should be regarded as very risky assets. Banks should measure the risk of any holding of digital currencies in their portfolio accordingly.
 

Mario Draghi

Chairman, European Central Bank

 Due to the lack of regulatory and legal framework and regulation in the crypto-currency industry, digital currencies are "high-risk assets". According to Draghi, banks should take this into account when including cryptocurrency in their investment portfolios.

Previously Mario Draghi questioned the maturity of the industry and its readiness for government regulation.

Nevertheless, the chairman of the ECB is convinced that financial and technological innovations should be closely watched by regulatory bodies in the context of potential risks.

Former SpaceX Engineer to Launch Crypto Exchange

Earlier CEO of LXDX Joshua Greenwald worked as the engineer on automation and propulsion systems at SpaceX
18 September 2018   92

The supplier of exchange technologies and services LXDX launches a new trading platform for digital assets. This is reported by the publication LeapRate with reference to the company's CEO Joshua Greenwald.

He said that the new platform will make institutional trade instruments available to a wide range of crypto traders.

Our immediate focus is on cryptocurrency and enabling every investor to utilize the exclusive tools, like smart order routing, that only institutions previously could access. When we built top tier infrastructure for traditional markets, our team solved many of the same problems facing cryptocurrency exchanges today. We are excited to bring a higher caliber of technology to cryptocurrency investors everywhere.
 

Joshua Greenwald

CEO, LXDX

The site will fully meet the requirements of KYC / AML.

Earlier Joshua Greenwald worked as the engineer on automation and propulsion systems at SpaceX. His startup received support from large investors, one of which was the venture fund Dymon Asia. In September, LXDX moved to Malta.