Brazilian exchange plans more engagement with cryptocurrency

A major stock platform in Brazil called XP Investimentos SA is planning to raise the level of engagement with cryptocurrency space and the scenario of new trading desk related to this new market is not excluded. This has been first reported by local outlets citing unspecified sources familiar with the company’s R&D intentions.

This step would sound familiar to the European market observers, as recently, two major organizations in the United Kingdom and Germany have been reported planning similar steps towards the crypto market. The rumors about Barclays (UK) are backed by less solid arguments. The leader of this financial organization has recently been accused of misuse of his powers, but the recent messages tell he remains on his post.

The rumors about Börse Stuttgart, on the other hand, have been confirmed by the management of the exchange. In the case with XP Investimentos SA, one should remain just as skeptical as in the case with Barclays.

Banks and financial organizations would have engaged with digital currencies more if it wasn’t for regulators, as stated by various experts familiar with the topic. For example, the recent survey made by TFH Legal UK tells that 95% of banks are not ready to work with crypto businesses. The slide with this info has been demonstrated at a recent Moscow forum dedicated to cryptocurrencies and blockchain.

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