Crypto retail investors in the Bitcoin (BTC) and to cryptocurrencies As the interest in the US Federal Reserveinvestigated the view of banks, which represent a significant part of institutional investors, towards cryptocurrencies.
According to the survey by the Fed, the majority of large banks distributed ledger technology (DLT) and said that they do not see products and services related to cryptocurrencies as a priority in the near future.
The Fed has announced the results of its survey of top financial officials from 80 major banks.
According to the survey results, more than 56% of respondents said that distributed ledger technology and products and services related to cryptocurrencies are a low priority for their growth and development.
27% of respondents believe that DLT technology and cryptocurrency said their products are medium or high priority, with nearly 40% of them stating that technology will be a medium or high priority for banks in the next two to five years.
Some of the officials who expressed their opinions were cryptocurrency He said that they are actively monitoring the development of technology and that they will adapt to the situation when necessary.
It was also stated that 46 of the 80 large banks participating in the survey were local banks and 36 were foreign banks.