Biggest Risk of Crypto Is Missing Out, Warns Top Aussie Banker
- CBA CEO Comyn supports idea of central-bank digital currency
- Bank has bought small stake in cryptocurrency exchange Gemini
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One of the biggest risks banks face when it comes to cryptocurrencies is being left out of the market altogether.
That’s the view from Commonwealth Bank of Australia Chief Executive Officer Matt Comyn, who says although the digital assets are “very volatile and speculative”, banks need to be involved in the adoption of technology underpinning crypto and the insatiable demand from customers to trade them.