The banks that have invested in cryptocurrencies are moving forward with digitizing finances
When Bitcoin was first launched in 2009, financial institutions were spooked and were quite skeptical about its value and performance. Financial institutions like global banks kept warning initial cryptos investors regarding the fact that they are a new and unregulated asset class. One significant reason banks and other traditional financial institutions may have stayed away from cryptocurrencies and blockchain technology for so long is that they are a massive threat to them. In centralized financial systems, money always goes through the banks. But since cryptocurrencies provide a new, efficient and decentralized method of payments and transactions, most individuals were getting attracted towards investing in these digital currencies. But despite the many arguments portrayed by the centralized financial institutions in the beginning, there are currently many banks that have invested in cryptocurrencies. Today, there are thousands of top banks in the world that prefer cryptocurrencies investment to provide the best financial services to their clients. Over the years, there have been many regulations that have prevented banks and traditional financial institutions from investing in regulated and unclassified assets. In this article, we have listed the top banks that have invested in cryptocurrencies and blockchain to reap the benefits of digital currencies.