Can banks provide cryptocurrency-based products? New report evaluates possibilities

A new report published on ResearchAndMarkets evaluates the state of cryptocurrencies and considers multiple solution types based on how they fit the existing regulatory structures and evaluates where each solution will push the boundaries of institutional risk.

The report defines and delineates between virtual currencies, digital currencies, cryptocurrencies, private cryptocurrencies, stablecoins, and initial coin offerings (ICOs). It explains the risks associated with different cryptocurrency implementations and provides a graphic that makes it easy to comprehend how cryptocurrencies can be called, on the one hand, as the most secure currency in the world while, on the other hand, the news almost weekly reports new criminal acts in which people's cryptocurrency has been stolen.

With that background information, the report evaluates different approaches a bank can take to deliver a cryptocurrency-based product to its customers while remaining compliant to all existing banking regulations.

For more information about this report visit https://www.researchandmarkets.com/r/36sich

(With inputs from Globenewswire)