Globally, a rising number of banks, including Goldman Sachs Group Inc. and JPMorgan Chase & Co., have started offering crypto-futures trading.Wong highlighted concerns surrounding the digital assets, including the safety of transactions given the anonymous nature of the sector. She prefers to use the term “crypto assets” instead of cryptocurrencies as they aren’t legal tender, she said. OCBC is “not going to get into it just because it is hot or there is a demand from people,” Wong said in a separate interview. “It is not conservatism, it is about responsibility. Banks have a responsibility, fiduciary duty to people.”

Source: Economic Times November 20, 2021 17:43 UTC