Sumary of With crypto platform ‘built and ready,’ PNC waits on its regulators:
- Once regulators provide more clarity, PNC Financial Services Group is ready to start allowing customers to trade cryptocurrencies.
- Our ability to offer it in a clean and simple and easy form on mobile is built and ready,” CEO Bill Demchak said Tuesday at the Barclays Global Financial Services Virtual Conference.
- In August, Securities and Exchange Commission Chair Gary Gensler said that the agency was eager to work with Congress to close regulatory gaps in the crypto space.
- Fitch Ratings said in a note to clients Tuesday that cryptocurrencies will become more ingrained in the U.S. financial system, but more regulatory answers are needed before banks can become heavily involved.