Banks, Governments See Crypto As Risky, Expect Rise In Use

Law360, London (September 30, 2020, 6:20 PM BST) — Banks and governments consider cryptocurrencies to be risky, whereas only a minority of cryptocurrency businesses agree, according to a new joint study highlighting divisions in how digital assets are perceived.

According to the report, which was released Tuesday and based on 566 responses, 63% of banks and 56% of governments view cryptocurrency as a risk, compared to just 9% of respondents in the cryptocurrency sector.

“The crypto industry appears to have a great amount of confidence in their own abilities to counter and detect risk, whereas government doesn’t have nearly as much faith,” said Kayla Izenman, research analyst with the Royal United Services Institute’s…

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