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@ ch0k1
2025-02-15 11:36:47
Why Bitcoin Will Make The Banks Great Again
https://www.forbes.com/sites/edanyago/2025/02/12/why-bitcoin-will-make-the-banks-great-again/
Federal Reserve Chair Jerome Powell just ignited a sea change for the entire global financial system, and he may not even know it yet.
On Wednesday morning, the central banker acknowledged that banks are indeed capable of offering cryptocurrency services, and that the Federal Reserve should not make things too difficult for them.
“You don’t want to go too far,” he told the House Financial Services Committee. “There were a bunch of disasters, and we were reacting in some extent to those. You don’t want to go so far as to overplay your hand on that. I think we need to be mindful that many of these activities can very well be done inside of banks, and custody may well be one of them.”
originally posted at https://stacker.news/items/886512