The mass adoption of digital assets has been one of the most important goals that the crypto industry has set. Check out the latest reports about the mainstream adoption of crypto.
How digital assets can reach mass adoption
It’s been just revealed that the largest bank in Singapore is backing crypto and blockchain tech despite the regulatory uncertainty and market downturn.
According to a new report from the Financial Times, DBS CEO Piyush Gupta says the recent crypto slump shows the need for regulated financial institutions to offer digital asset products.
As the online publication the Daily Hodl notes, DBS first rolled out its crypto exchange for institutional and accredited investors in late 2020.
The entity offered trading services for Bitcoin (BTC), Ethereum (ETH), XRP, and Bitcoin Cash (BCH). Earlier this year, Gupta revealed exciting plans to further expand its crypto offerings.
It’s also worth noting the fact that Gupta says financially regulated institutions can help crypto reach the mainstream public.
“You might as well try and create frameworks and processes to make these sensibly available to everybody instead of having a regulated space and a cowboy space and let everybody go to the cowboy space.”
We suggest that you check out the complete report in order to learn more available details about the matter.
Bitcoin to see massive sell-off
In a new video update, the host of DataDash said that he sees BTC having another meltdown before it finds a strong support level in the $12,000 to $14,000 range.
“Do we have another sell-off coming? …Are we going to get one more final decline in prices and build a base on a probably more solid foundational channel around $12,000 to $14,000 for Bitcoin? Is it so crazy to think that it could happen?”
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $18,790.