Key facts: Citigroup embraces cryptocurrency; forecasts Fed rate cuts
قراءة أقل من دقيقة
- Citigroup, alongside other major banks, has shifted from skepticism to a more welcoming stance towards cryptocurrency, with intentions to issue credit backed by Bitcoin.1
- Citigroup forecasts that the U.S. Federal Reserve will execute interest rate cuts in January and March 2026, driven by anticipated weak labor market data.2
- Citibank, along with eight major US banks, limited financial services to the cryptocurrency sector from 2020 to 2023, citing concerns over financial crime.3