KARACHI: Standard Chartered on Thursday announced promoting crypto currencies and digital assets worldwide while it joined the Global Digital Finance (GDF) Patron Board — an alliance of some of the world’s most innovative cryptonatives, fintech companies and banks.

Being the first bank to join the association as a patron member, Standard Chartered will collaborate with other members to advocate and accelerate the adoption of best practices for crypto and digital assets, through a network of strategic innovators across the digital assets value chain that develops industry and governance standards and facilitate engagements between regulators, policymakers as well as professional and industry bodies.

“Digital currencies will play a significant role in shaping the future of money, with the potential to tackle much inefficiency in the financial services by addressing issues related to access, costs, fragmented liquidity, foreign exchange, and settlement risks,” said the bank in a statement.

Published in Dawn, September 10th, 2021