​​ Brazilian bank Bradesco admits reluctance to work with cryp | Crypto Shake

​​ Brazilian bank Bradesco admits reluctance to work with cryptocurrencies

Octavio de Lazari Junior, CEO of one of Latin America's largest banks, Bradesco, said that he and his bank are not personally attracted to the digital asset market.

The cryptocurrency market is still not big enough and is quite dangerous for investors interested in it:

"Cryptocurrencies are investments that are intangible and more risky, and people are aware of the risk they are taking. To me, it's a very small market."

Nevertheless, the banker did not deny that the situation may change in the future and Bradesco will become interested in the cryptocurrency market.

The CEO also reminded that the bank has an investment unit Agora, which is already involved in cryptocurrency trading and provides some services in this industry.

For the bank, according to de Lazari, digital currencies themselves are one of several pillars of the crypto industry. Even though investments in this part of the crypto market won't be very large, the businessman argues, the other pillars may be more attractive for investment.

One of them is tokenized assets. The bank is now working on debt tokenization projects. The third pillar, according to the businessman, is central bank digital currencies (CBDC).

In April of this year, Roberto Campos Neto, head of Brazil's central bank, announced the trial launch of a digital real, the implementation of smart contracts and DeFi on the regulator's own platform.