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Spanish bank BBVA advises wealthy clients to allocate 3-7% of their assets to Crypto Assets.
[Chain News] A senior executive at Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) said on Tuesday that the bank recommends wealthy clients to allocate up to 7% of their portfolios to Crypto Assets. This is yet another sign that some banks are gradually embracing a field that mainstream finance has long avoided due to risk concerns. Philippe Meyer, head of digital and Blockchain solutions at BBVA’s Swiss division, stated at the DigiAssets conference in London that BBVA Private Banking advises clients to invest between 3% and 7% of their portfolios in Crypto Assets based on their risk preferences.