From Nasdaq’s own media outlet:

The CEO of Nexpay Uldis Tēraudkalns states that markets are more favorable towards blockchain-based cryptocurrencies following the US SEC’s approval of 11 Bitcoin ETFs. Meanwhile, central banks are planning for Central Bank Digital Currencies (CBDCs) to minimize volatility. Finance executives are cautious due to Bitcoin’s unpredictable price fluctuations.

This raises the probability of a mixed fiat/crypto economy before 2030, so CFOs should plan accordingly. Crypto-friendly consumers are attractive with higher incomes and advanced ZIP codes. Businesses can also benefit from cryptocurrencies due to financial efficiency, faster transactions, and reduced fees. Sage’s survey found that crypto will be a viable long-term payment solution for 44% of UK finance leaders.

There are 6 planning scenarios for CFOs intending to work with cryptocurrencies: automation and efficiency, optimized working capital, risk management, regulatory compliance, tax implications, and cybersecurity and fraud. CFOs can leverage these scenarios to handle cryptocurrencies in a secure and strategic manner to prepare for future growth.



Read more: 6 Planning Scenarios for CFOs as Crypto Winter Ends