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It seems that a growing number of Asian institutional investors which comprised mostly of high-net-worth individuals and family offices are showing interest in the emerging asset class.

This increasing interest can be attributed to the gloomy macroeconomic outlook of world economies, as well as, the entry of the highly influential Facebook into the cryptocurrency space who plans to release its own cryptocurrency Libra.

More interest was generated when news broke out that China’s central bank is looking into creating its own digital currency further stoking more interest in cryptocurrencies.

Chief investment officer at BBshares, Jett Li, reveals that the demand for secure and efficient institution asset allocation into crypto is strong adding that most of the demand coming from the past four months after news broke about Facebook’s Libra project and bitcoins seeming bull run.

While it is clear that there is demand from institutional investors the same problem persists across the globe, lack of banking services willing to services the nascent industry, regulatory concerns as well as custody solution.

However, these concerns are slowly being addressed in different fronts, governments are slowly opening up to the emerging asset class with more progressive policies and regulations, more banking services are available to crypto-related businesses and institutional grade custody solutions are increasing by the day.

Headlines for the world of Cryptocurrencies - September 28, 2019

Easy Staking In Binance Exchange
Bitmain Launching A Platform To Miners Around The World
USDC Is One Year Old
Ripple Looking Into DeFi With New Acquisition
Medici Bank To Start Taking Clients This October

Headlines for the world of Cryptocurrencies - September 27, 2019

Bitcoin Mining Hash Rate Recovers
FINRA Awards Harbor Broker-Dealer License
UK Police Got Help From Binance To Investigate A $50 Million Fraud
Libra Can Beneficial For UN According To Org Chief
Ripple Claims Its Technology Could Start A $10 Trillion Innovation

Headlines for the world of Cryptocurrencies - September 26, 2019

New Blockchain Rating Agency Launches In South Korea
Singapore Open Up To Digital Banking
Central Bank Of Venezuela To Add Bitcoin And Ether To Its Reserves
Bittrex Partners With Chainalysis To Track High-Risk Transactions
New Stacking Features In Binance

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