Barclays Bank Won’t Trade Crypto
May 3, 2018
The governor of one of the major British banks Barclays has declared, the bank will not be trading cryptocurrency in the nearest future. The decision was taken after studying current situation in the financial industry and related problems of regulation.
Jes Staley agreed, cryptocurrency is innovational and promising technology yet it is likely to be used in activities the bank does not want to get involved in.
Barclays Bank used to conduct a poll earlier among the customers. Given the results, the bank’s management decided, it will not launch crypto division.