Haha. Kind of,but not nearly as heavily regulated.. just like older banking systems were banks backed by gold,this would be a bank,but backed by Bitcoin. And

Haha. Kind of,but not nearly as heavily regulated.. just like older banking systems were banks backed by gold,this would be a bank,but backed by Bitcoin. And not subject to regulations that banks are subject to (such as restrictions on cross border money movement,govt monitoring and ability of the govt to put a lien on your account, any insurance and pro consumer regulations applied to the traditional banking system such as their inability to shut shop one day and keep your money,etc).