In a new report titled “Understanding Crypto: What banks need to know,” the American Bankers Association (ABA) has urged banks across the country to partner with crypto firms.
The need for banks to partner with crypto firms, according to the report, is due to the increased profitability of the sector and rising client interest.
In the 20 page report, while suggesting various crypto use cases for banks with revenue models and regulatory issues for each use case, the group provided a high-level overview of crypto with a glossary, which maps crypto business activities to bank products and services.
