Considerations for banks offering digital assets to customers.
The banking industry faces several challenges due to recent economic, geopolitical and regulatory developments. KPMG has identified the top 10 issues facing banks in 2022 and beyond, and in this article we examine the topic of digital assets.
With crypto currencies and other digital assets becoming attractive among retail and business customers as an investment, these instruments no longer represent a fringe element in the industry.
Banks that stay on the sidelines may be missing an important moment – so long as they are prudent when entering the marketplace.
Though they are complex and mystifying to many, cryptoassets represent $2 trillion in market value with roughly 200 million users.1That said, bankers would be wise if they view them through the lens of trust, transparency, and auditability.
Shifting to a higher gear
Download the full report to learn about all of the key issues impacting banks in 2022 and beyond
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