Banks Continue To Send Mixed Signals Over Crypto Adoption

Cryptocurrency advocates have long held that blockchain assets will revolutionize the banking industry, as crypto wallets will replace traditional bank accounts, and banks will no longer be needed to facilitate most financial transactions. For their part, banks have been cautiously supportive of blockchain’s potential, yet at the same time critical of decentralized cryptocurrencies. With crypto use moving ever closer to mainstream, this contradiction shows no sign of resolution, as banks c