Report: Digital currencies are likely to become the norm with the support of regulators

Deloitte Financial Services Industry Research Center released the "2020 Global Banking and Capital Market Outlook" in Beijing on the 14th. The report said that this year's low-profit business environment and the potential impact of the economic downturn will have a negative impact on bank earnings. Banks should continue to increase revenue from fee-based businesses, strengthen cost management, and pay attention to promoting digital transformation and meeting regulatory requirements. Looking ahead to the next decade, the report states that a series of new value-added services will gradually become popular, such as identity protection, real-time cash management, and new model purchase recommendations that consumers and merchants value. Digital currencies are likely to become the norm with the support of regulators.