We can't find the internet
Attempting to reconnect
Something went wrong!
Hang in there while we get back on track
Crypto Banking Around the Globe Panel Discussion
Banks and crypto intersect: explore the global landscape, regulatory challenges, and opportunities in tokenization, featuring expert insights from Bison Bank, Folsch, and SG Forge.
- Banks are at an advantage in tokenization as they already have existing infrastructure and risk culture.
- The regulatory environment is still evolving, with varying levels of support across jurisdictions.
- France has a strong crypto user base, with 9 million active wallets, but banks are still cautious.
- Bison Bank has been issuing e-money tokens and has a license from Bancaditalia.
- Folsch has launched a stablecoin and is exploring other blockchains.
- SG Forge is working on tokenization solutions and has received interest from US regulators.
- Europe has a chance to lead in crypto and banking, with initiatives like MICA and the French government’s crypto-friendly approach.
- Education and risk management are key for banks entering the crypto space.
- The ability to navigate permissionless ecosystems without clear regulations is a challenge.
- Tokenization is likely to disrupt traditional finance, with banks needing to adapt. *Cryptocurrency users are often stigmatised, but banks can help change this by providing education and services.
- Multiple regulatory bodies need to work together to create a clear framework.
- It’s important for banks to start with simple use cases and gradually expand into more complex tokenization.
- Banks need to enhance their risk framework to accommodate crypto services.
- Transparency, customer centricity, and education are essential for successful crypto services.
- The European framework is still being shaped, but it’s expected to be clearer by the end of the year.