for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

BNY Mellon plans to accept cryptocurrencies - WSJ

Feb 11 (Reuters) - The Bank of New York Mellon Corp plans to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients later this year, the Wall Street Journal reported on Thursday.

The bank is discussing with clients to bring their digital currencies in the fold, the report said, citing an interview with Roman Regelman, chief executive of BNY Mellon's asset-servicing and digital businesses. (bit.ly/3d34Rh5)

In 2018, Fidelity Investments launched a new company for its institutional clients to trade and store digital assets including bitcoin.

Earlier this week, bitcoin’s price was driven up to a record high after Elon Musk’s Tesla Inc revealed it had bought $1.5 billion worth of the cryptocurrency and would soon accept it as a form of payment for its cars. (Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up