Commonwealth Bank puts crypto trading trial on ice as regulators dither

2022.05.20 10:22

Commonwealth Bank puts crypto trading trial on ice as regulators dither

The Commonwealth Bank of Australia (OTC:CMWAY) (CBA) has put its plans for a second pilot program of crypto trading services on hold indefinitely and cut off access to those in the first round of testing.

CBA sent Cointelegraph a transcript of a Tuesday bank briefing where CEO Matt Comyn said that he was still waiting on regulatory clarity. He also said that he was “working with a number of regulators very closely, as you would imagine, about the appropriate treatment of this particular product.”

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