Citigroup Launched Digital Asset Unit In Wealth Management Division

The mainstream adoption of Bitcoin and digital assets has been one of the main goals that the crypto industry has set.

There have been a lot of moves made in this direction and the successes continue to pour in. Check out the latest news below.

Citigroup launches new business unit for crypto

It’s been just revealed that Wall Street giant Citigroup has officially launched a new business unit dedicated to the cryptocurrency and blockchain space, according to a memo obtained by The Block.

The Block Crypto notes that the firm revealed on Thursday morning the new group, dubbed Digital Assets Group, which will sit within its wealth management division, Citi Global Wealth Investments, according to the memo.

“Given the exciting new developments we are seeing around cryptocurrencies, tokenization, and other advances powered by blockchain technology, we are pleased to announce the formation of the Digital Assets Group,” the memo said.

Make sure to check out the complete article in order to learn more available details about all this.

Bitcoin adoption explodes

The adoption of Bitcoin and digital assets has been exploding lately and the trend continues.

You are probably aware of the fact that El Salvador is the star of the crypto space for a while now since they decided to make BTC a legal tender in the country.

Now, it’s been revealed that there’s a national address to El Salvador’s citizens saw a first today: a president conducting a tutorial on how to use a Bitcoin wallet.

The Salvadoran government is working on a wallet application for the country to support the addition of Bitcoin as legal tender.

The wallet is called Chivo and it will allow its users to send and receive BTC, as well as convert BTC to U.S. dollars.

Stay tuned for more news and make sure to keep your eyes peeled on the crypto market.

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