‘American old bank’ BNY Melon treats Bitcoin… “First in a global bank”

Bitcoin model
Bitcoin model

[제니차 로이터=연합뉴스]

(New York = Yonhap News) Correspondent Kang Gun-taek = New York Melon Bank (BNY Melon), the oldest bank in the United States, has decided to deal with digital virtual assets including Bitcoin.

According to the Wall Street Journal (WSJ) and CNBC Broadcasting on the 11th (local time), New York Melon Bank announced that it will hold, transfer, and issue bitcoins and other cryptocurrencies for asset management customers in the future.

BNY Melon, one of the largest global trust banks, plans to deal with digital currencies through the same financial network used for traditional holdings such as U.S. government bonds and stocks after further research.

“We are proud to be the first global bank to announce plans to provide integrated services for digital assets,” said Roman Regelman, CEO of BNY Melon Asset Services and Digital Sales.

“Digital assets are becoming mainstream,” said Regelman, who said the decision was made in response to growing demand from corporate customers.

According to the announcement, the bank predicted that a number of customers will entrust their digital assets to BNY Melon.

BNY Mellon announced that it has set up a team to oversee digital assets and existing sales integration and has appointed Mike Damish to lead.

Prior to the bank, Fidelity Investment revealed its plans for Bitcoin-related business in October 2018, and obtained a virtual currency business license from the financial authorities at the end of last year.

Mastercard also announced that it plans to support certain cryptocurrencies in its own network later this year.

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