U.S. financial institution Fifth Third Bancorp plans to increase its deployment of crypto assets
The Internet reported that Fifth Third Bancorp., a financial institution based in Nashville, Tennesse-based, began establishing partnerships with cryptocurrency companies about five years ago, but has not made major investments until the regulatory environment becomes clearer. According to Ben Hoffman, its chief strategy officer, the agency is considering how to further expand its crypto business after building a small group of crypto customers who use the bank's deposit accounts and payment capabilities.
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