BNY Mellon Embraces Crypto

Photo by Executium on Unsplash

BNY Mellon claims it is the first global bank that allows clients to issue, transfer, and hold digital currencies. However, one of its asset management units isn’t so certain about Bitcoin.

According to Insight Investment which manages approximately $1 trillion, Bitcoin, the most popular cryptocurrency, may not suit institutional investors due to its high volatility, low liquidity and governance challenges as well as…