Bitcoin Money20/20 Perspective Adoption – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Bitcoin Money20/20 Perspective Adoption – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides



If you happen to can’t beat ‘em, be a part of ‘em. That is the current acquiescent stance of the Federal Deposit Insurance coverage Company (FDIC) after the chairman of the board of administrators, Jelena McWilliams, expressed a number of weeks in the past, “If we do not convey this exercise [Bitcoin] contained in the banks, it’s going to develop exterior of the banks. … The federal regulators will not have the ability to regulate it.” We’re at an inflection level for when the 1000’s of banks holding trillions of {dollars} of deposits will start to play a task in Bitcoin’s dominance. The FDIC and the Workplace of the Comptroller of the Foreign money (OCC) are underneath strain to search out options for adapting to Bitcoin’s international affect. Political leaders are encouraging regulatory reform and impartial personal corporations are racing to reply with progressive technological options for a brand new monetary framework.



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