Bitcoin (Bitcoin) And other cryptocurrencies have a permanent role in the financial market, but according to Bill Winters, CEO of Standard Chartered Bank, other digital assets such as central bank digital currency (CBDC) or non-fungible tokens (NFT) may run Win cryptocurrency
On the Standard Chartered Bank conference call, Winters responded to the statement that “cryptocurrency will continue to exist” and stated that in view of concerns about inflation, non-statutory currencies can play a role.
“In general, we have experienced low inflation for a long time, and we let the central bank try a very, very loose monetary policy in unknown areas,” Winters Said, Added:
“It is perfectly reasonable for people to want an alternative to fiat currency.”
Although the debate about fully decentralized cryptocurrencies is more beneficial than managing cryptocurrencies, Winters believes that the market will have the final say. “If these tools have a role in the market, we will have a role to support them, always subject to regulatory barriers,” he added.
Winters’ bank is known for its positive attitude towards cryptocurrencies and digital assets. Last month, Standard Chartered Bank joined the Global Digital Finance (GDF) Sponsorship Committee, a member institution of the encryption and digital finance industry. As reported by CointelegraphAs a member of the GDF, the bank will help to collaborate with international regulators, legislators and others in the industry to promote digital assets.
According to reports, this British bank also Plans to launch a cryptocurrency exchangeA report in June stated that Standard Chartered had partnered with the Hong Kong Stock Exchange owner BC Technology Group to launch a platform for the UK and European institutional markets.
Recently, Orlando Bravo, co-founder of Thoma Bravo, a multi-billion dollar private equity firm Express confidence in cryptocurrency, Said, “Encryption is just a great system. It is frictionless. It is decentralized. Young people want their own financial system. So, it stays here.”