The Crypto Industry Needs Central Bank Digital Assets to Legitimize Risk, says Standard Chartered's Geoff Kendrick
Geoff Kendrick, the crypto research chief at Standard Chartered Bank, predicts that central bank digital assets (CBDCs) will play a crucial role in legitimizing risk in the crypto industry. Kendrick emphasizes that greater regulation and involvement of central banks can provide investors with reassurance that their digital assets won't succumb to any further meltdowns. He believes that CBDC solutions would bring institutional investors into the crypto space and lower volatility in Ethereum and Bitcoin. Kendrick also emphasizes the need for more transparency around privately-issued stablecoins, which he believes will improve investor confidence and lead to more stablecoin regulations.