TradFi Companies 'Want to Transact in Bitcoin,' Says Cantor Fitzgerald CEO

Howard Lutnick says banks want to transact in BTC as a new asset class but are being held back the existing requirements of U.S. regulators.

"That's why they don't hold it. But if the regulatory environment was good, you will see all the traditional financial companies go head first into bitcoin," he said. Cantor Fitzgerald CEO Howard Lutnick has said traditional financial companies"want to transact in bitcoin" as a new asset class but are being held back by the existing requirements of U.S. regulators."If a bank were to hold your bitcoin, they would have to set aside their own money equal to that amount, sort of 'in jail'. That's why they don't hold it.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Companies Are Slashing Management Roles, Is Unbossing A Career Killer?I am a global CEO, entrepreneur, business leader, linguaphile, philanthropist, feminist, and mother. After living, studying, and working in five countries across the globe—and quitting a particularly nightmarish job—I decided it was time to chart my own future.
Source: ForbesWomen - 🏆 477. / 51 Read more »

Avocado demand links U.S. companies with Mexico’s deforestation disasterReuters
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

These Bexar County companies have laid off workers in 2024More than 880 workers in Bexar County have been affected by layoffs this year, according to the Worker Adjustment and Retraining Notification Act Notices.
Source: ksatnews - 🏆 442. / 53 Read more »