With crypto platform ‘built and ready,’ PNC waits on its regulators

with crypto platform built and ready pnc waits on its regulators

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.

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