A recent study by Febraban, in partnership with Accenture, indicates that Brazilian banks have the potential to become key players in the cryptocurrency market. The report highlights emerging technologies such as generative artificial intelligence, DLT and crypto assets as priority areas for financial institutions in the coming years.
According to Febraban, banks offer greater trust compared to fintechs and brokers that operate cryptocurrencies, and are therefore better positioned to lead this market. The study highlights, however, that one of the biggest challenges is to create trading platforms that meet regulatory and compliance requirements.
The top priority for banks, according to the report, should be the development of products related to crypto assets and central bank digital currencies (CBDCs). In addition, technologies such as smart contracts and decentralized applications (dApps) are also gaining relevance.
With the growing participation of banks in the cryptocurrency market, the future of the Brazilian financial sector seems increasingly linked to digital innovation.
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