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Bitcoin Money20/20 Perspective Adoption – Bitcoin Journal: Bitcoin Information, Articles, Charts, and Guides



When you can’t beat ‘em, be part of ‘em. That is the latest 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 carry this exercise [Bitcoin] contained in the banks, it will develop outdoors of the banks. … The federal regulators will not have the ability to regulate it.” We’re at an inflection level for when the hundreds 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 below strain to search out options for adapting to Bitcoin’s international affect. Political leaders are encouraging regulatory reform and impartial non-public corporations are racing to reply with progressive technological options for a brand new monetary framework.





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