Traditional financial institutions are rapidly shaping stories in the Crypto sector, and a private “coalition” of crypto services and financial technical companies, the founder of B2 Ventures, is ready to benefit the most from the current trends for Arthur Azizo.
Azizov told cointelegraph
He also said that big banks will get this trend in the near future, the day they have regulator clarity to interact with Crypto, saying that it would be a “month case” when these banks get regulator clarity and would get time taken to launch a stabelin. Azizov said:
“Banks have a sufficient user base.
These institutions have already changed the scenario. In the future, it goes to change even more, and I would say that it is not good for SMAL startups, “he continues.
The increasing presentation of institutional investors, banks and companies in Crypto has caused tension between these transial financial institutions and soldiers that recommend the complete decentralization of the financial system, which recommends the crypto speed,
Connected: Bitcoin Investment Bank Al Salvador – village regulator
The government is also running the institutionalization of Crypto
Governments also have economic intentions to regulate Crypto and bring it to the aim of traditional financial systems.
“The story is meant to regulate crypto, not only because it is the mainstream, but to attract technology companies, to attract young talents, and to attract Fintech Startups, Azizov told Cointell Graph.
He said that this increased regulation means that anti-mani laundering (AML) rules and knowledge-your-customers (KYC) requirements were focused more.
AML and KYC are already necessary for retail crypto consumer applications through the Asia-Pacific (APAC) region and Europe’s purpose, and Azizov said that he also experts to take this trend in the US.
Consumer monitors and the emphasis on accounts being considered officially follows on the value proposal of decentralized finance (DEFI), which promises to allow for a censorship-resistant financial system.
magazine: Crypto wanted to overthrow banks, now it is intended to be in Stabecoin fight
