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Well, in Germany perhaps soon some banks will hold cryptos for their clients [0]. I would imagine these banks would offer some kind of fraud protection for the
by wsc981 5y ago
Well, in Germany perhaps soon some banks will hold cryptos for their clients [0]. I would imagine these banks would offer some kind of fraud protection for the crypto assets they will hold, likely at some cost.
I believe in the USA there was already some legislation passed some time ago that would allow banks to be custodians of crypto-currencies?
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[0]: https://bitcoinethereumnews.com/crypto/two-german-banks-commerzbank-and-volks-join-sparkasse-in-crypto-plans/ https://bitcoinethereumnews.com/crypto/two-german-banks-comm...
- PeterisP 5y agoThis probably is the solution - as cryptocurrency advocates like to say, "not your keys, not your coins", but for certain people an IOU from a bank saying that the bank owes them some coins is preferable to having the actual coins and the benefits+risks associated with that. It's similar to stocks and bonds - you could own them yourself, but for not-huge private investment it's often simpler to have a financial institution hold them on your behalf.