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Now, banks and credit unions CUs are starting to grasp the potential of bitcoin and its brethren. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity. From the record-breaking value of crypto-assets such as Bitcoin to the almost weekly onslaught of regulatory papers and interventions, it has become a space where financial firms have switched from ignore to explore. An average of 37 percent of crypto-aware adults surveyed in emerging markets use or own crypto compared with 29 percent in developed markets.