SEBA Bank exec believes that clear crypto regulation would accelerate adoption

Many people have questioned and remarked if regulation is good or bad for crypto and decentralization concepts, especially now that it is in the eyes of many regulators. Christian Borel, Senior Executive Officer of SEBA Bank, believes that crypto adoption will accelerate if the laws are clear.

In an interview, the banking executive said that institutions will be more willing to use crypto if clear rules are in place. Furthermore, the presence of “regulated counterparties” within the banking industry provides institutions and their consumers with a trusted security route to access the crypto industry.

“I expect to see a considerable acceleration in engagement and adoption of digital assets by institutions prompted by a clearer regulatory environment as these institutional players will require a regulated counterparty in which to operate securely,” he states.

Crypto interests people

Borel stated that when it comes to identifying new opportunities, digital assets are in accordance with the goals of institutions. Institutional investors have always been interested in fresh investment options, and their enthusiasm in the crypto industry reflects this, adds Borel.

The executive also believes that the market will see more digital asset banks in the coming days because it responds to a wide range of needs. A digital asset bank resembles a traditional bank in many ways. According to Borel, it provides “a full suite of traditional banking services.” These, on the other hand, are specifically designed for the digital economy, with a wide range of crypto-structured products.

Borel highlighted crypto as an “appealing alternative” to sticking with “low-interest rates and low return on investment” when asked about the advantages that digital assets can offer to both people and institutions.

In January, Guido Buehler, CEO of SEBA Bank, estimated that Bitcoin (BTC) might reach $75,000 in 2022 as institutional money flows into the industry.