Crypto Biz: $470B bank enters crypto — Probably nothing, right? By Cointelegraph

As crypto traders debate whether (BTC) is going to $25,000 or $15,000 first, the world’s largest financial institutions are laying the groundwork for mass adoption. The proverbial floodgates are unlikely to open before the United States provides a clear regulatory framework for crypto, but regulators and industry insiders are confident that guidance could come in 2023 at the earliest. In the meantime, megabanks like BNY Mellon (NYSE:), whose roots date back to 1784, are entering the space.

This week’s Crypto Biz chronicles BNY Mellon’s foray into digital assets, JPMorgan’s ongoing experimentation with blockchain technology and Crypto.com’s new European headquarters.

BNY Mellon, America’s oldest bank, launches crypto services

SWIFT action: JPMorgan (NYSE:) and Visa (NYSE:) team up on cross-border blockchain payments

Crypto.com invests $145M in new European headquarters

Stellar Development Foundation launches $100M fund to support native smart contract adoption

Before you go: $25K or $15K BTC — what comes first?