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Commonwealth Bank puts crypto trading trial on ice as regulators dither -Breaking

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As regulators struggle, Commonwealth Bank places crypto trading on ice

The Commonwealth Bank of Australia (OTC) (CBA), has placed its plans to launch a second pilot program of cryptocurrency trading services indefinitely on hold and halted access for those who participated in the initial round of testing.

Cointelegraph received a transcript from a Tuesday briefing by CBA. CEO Matt Comyn stated that he is still waiting for regulatory clarity. He also said that he was “working with a number of regulators very closely, as you would imagine, about the appropriate treatment of this particular product.”