[Poll Question] Does your bank have any interest in holding Bitcoin on behalf of customers?

There are way too many regulatory considerations that must be figured out before banks could hold Bitcoin in accounts for customers.  For example:
How would FDIC insurance work if it is considered a deposit or would banks holding bitcoin need to follow investment firm/brokerage regulations?
How would BSA/AML work with Bitcoin?  It puzzles me how this virtual currency and volume of transactions used to facilitate illegal activities have been allowed to operate sans regulations applicable to banks.
What is backing bitcoin?

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Matt Johnson
CFO
Premier Bank
Omaha NE
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Original Message:
Sent: 02-17-2021 15:28
From: Barb Rehm
Subject: [Poll Question] Does your bank have any interest in holding Bitcoin on behalf of customers?

I love polls, and love seeing how my opinions match up with others' so I thought we'd start a poll question for Peer Intelligence participants. Here's this week's question.

Does your bank have any interest in holding Bitcoin on behalf of customers?
Yes – It's like any other asset
No – It's too volatile, risky
Don't know – It's intriguing, but too early to say

To vote, click here.

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Barb Rehm
Senior Managing Director
IntraFi Network
Arlington VA
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