.

US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks

serfserf Member Posts: 7,222 ✭✭✭
edited July 23 in Politics
Mine you that it's a sanction (acceptable) to their rules and regulations to be included in their system.But The Federal Reserve is now in the crypto currency market. How that currency is created and by whom is the next question.
                                    serf
       https://cointelegraph.com/news/us-banking-regulator-green-lights-crypto-custody-at-federally-chartered-banks

Acting Comptroller of the Currency Brian Brooks similarly saw the development as part of modernizing banking in the U.S., saying “From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today,”

The OCC’s letter further specifies that bank “custody” of crypto assets is dependent on their access to the keys to the crypto wallets rather than any sort of physical requirement — a confirmation of Andreas Antonopoulos’ famous line of “not your keys, not your coins.” the OCC specifies:

##################################################################################

The technocratic push toward digital cash or e-cash, is a walk toward finish over worldwide monetary standards  the advancement of supporting developments and the conveyance of to such a degree that encourage an 'internet version' of cash that can be used for trade with another fiat framework", says Susanne Posel, of Occupy Corporatism.



Comments

Sign In or Register to comment.