A survey by the Fed concludes that 56% of senior financial officers from 80 banks consider crypto 'not a priority'. On the other, 40% of the surveyed think blockchain technology is a medium or high priority for their banks in the short term.
A survey conducted by the Federal Reserve Board of the United States suggested that the majority of officials at major banks did not consider crypto-related products and services a priority in the near future.senior financial officers from 80 banks said distributed ledger technology and crypto products and services were “not a priority” or were “a low priority” for their growth and development strategy for the next two years, while roughly 27% said they were a medium or high priority.
The senior financial officers surveyed represented banks held roughly 75% of total banking system reserve balances as of May 2022. Domestic banks comprised 46 of those surveyed, and foreign banking organizations totaled 34.
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