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They can also spin off an insurance arm called Crypto Deposit Insurance Corp, and provide CDIC insurance to depositors in case their bank becomes insolvent.
by analyst74 5y ago
They can also spin off an insurance arm called Crypto Deposit Insurance Corp, and provide CDIC insurance to depositors in case their bank becomes insolvent.
- spywaregorilla 5y agoGreatly amused that were a little later than the other comment but arrived at the same acronym
- arthurcolle 5y agoI mean, what else would you call it? It's not really that clever IMO. But yes, I see the recreation of all these traditional institutions but with a crypto flavoring to be a little unnecessary and instead of reinvisioning specific financial instruments and other types of financial products, people are just reskinning the same underlying products + mechanisms.