American banks are discussing the possibility of entering crypto, but the first actions will be limited – in pilot programs, partnerships or limited operations with cryptocurrencies, representatives of the banking industry told Reuters.

According to the top managers of banks, they are not in a hurry to quickly enter the crypto industry, as they are afraid to violate existing rules that may quickly change. According to representatives of financial institutions, they are ready to join the initiatives, but only if some large company can test new directions in the industry.

“The most promising area is the business of the storage and management of crypto actures, but it has low margin and potentially high risks. Most banks are expected to enter this sector through partnerships with existing cryptocurrencies, ”the statement said.

Despite the fact that the signals from the White House and the regulators look positive, banks want to get more clear leaders from the federal government, which they can be done in the crypto industry. At the moment, banks only evaluate their prospects in the field of cryptocurrencies and launch small pilot programs.

According to Matthew Biben, a compolor of the Global Financial Services group of the King & Spalding law firm, although the situation has improved significantly, banks who want to enter cryptocurrency markets will still have concerns regarding the counteraction of money laundering and compliance with regulatory requirements.

Earlier, The Wall Street Journal said that the largest US banks, including JPMorgan, Citigroup and Bank of America, are at an early stage of negotiations on the creation of a consortium, the purpose of which will be the launch of a single stabibin.