Once the European regulations on crypto assets have been approved, the sector anticipates that collaborative agreements will be announced in the short term to give financial entities entry into the Blockchain world. Javier Molina talks with Jorge Soriano, CEO of Criptan
After the green light for the MiCA Regulation (Markets in Crypto Assets), still awaiting validation by Parliament, collaborative movements between traditional banking and crypto platforms are expected to enter the Blockchain world.
At the infrastructure level, the Ethereum network wins points for its stability, security and speed; At the level of products and services, a breeding ground is beginning to be created around native companies in the crypto ecosystem, whether for custody, trading or transactions, among others. "It makes sense that, in the end, traditional banking, whose business is money instead of creating technology, joins with crypto platforms to be able to integrate these services and products," says Jorge Soriano, CEO of the crypto bank, Criptan, to Javier Molina in the latest episode of Ideas con Valor.
He acknowledges that due to reputational issues progress is slow, but he announces that ""the ban has been opened" to close alliances and that "very soon we will have important news from the more traditional sector entering and offering services and products to become an important 'player'”.
It has been the recent green light for the expected regulation of crypto assets within the EU, known by its acronym MiCA. "This regulatory framework is what has finally made other departments beyond innovation, which are more pro-crypto and web3, such as 'compliance'", contemplate entering this new ecosystem, by providing "tranquility to banking institutional".
