US banks tiptoe toward crypto, awaiting more green light from regulators
US banks initial steps towards crypto are likely to be tentative
Large lenders are hesitant to be the first to expand into crypto
More banks are keen to be fast followers after a few test cases
Banks seek more clarity around AML-crypto regulations
NEW YORK, May 28 (Reuters) – Big U.S. banks are holding internal discussions about expanding into cryptocurrencies as they get stronger endorsements from regulators, but initial steps will be tentative, centering on pilot programs, partnerships or limited crypto trading, according to four industry executives.
Wall Street giants that had been largely blocked from many crypto activities by strict regulations are poised to grow quickly.
Yet the biggest lenders are still hesitant to be the…
