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The CEO of Dash Core Group has said that despite the potential of cryptocurrencies, larger financial institutions must move cautiously.

Moving with the Times, but Caution is Still Needed
For years, the crypto industry has continually worked at attracting institutional investors to the market. It hasn’t been easy though. A lack of trusted custodians, in addition to warnings from the U.S. Securities and Exchange Commission (SEC) has created a barrier to entry.

However, a shift is starting to take shape. Now there are more instances of former bankers joining the crypto space while big banks are announcing new hires and services indicating they are opening doors to cryptocurrencies and blockchain technology.

Despite steps being made by banks, for many forward-thinking finance executives the transition is too slow. Coinbase’s appointment of Jeff Horowitz, who formerly built global fraud-prevention programs for BNY Mellon, Citigroup, Goldman Sachs, and Salomon Brothers, to the role of chief compliance officer, is just one example of a financial industry veteran making the jump into the crypto market.

Read more here: https://www.newsbtc.com/2018/08/31/dash-ceo-financial-institutions-must-move-cautiously-despite-crypto-potential/