FDIC Nominee Goldsmith Romero Addresses Banks' Role in Custody of Digital Assets
Thursday, 11 July 2024, 17:47
FDIC Nominee Goldsmith Romero on Digital Asset Custody
In a significant development, FDIC nominee Goldsmith Romero emphasized the possibility for banks to provide custody services for digital assets.
Shifting Landscape in Banking
This stance reflects a notable departure from conventional banking practices and indicates a growing acceptance of cryptocurrencies within the sector.
- Potential Institutional Adoption: Banks could soon play a pivotal role in facilitating the storage and management of digital assets, catering to institutional demand.
- Regulatory Implications: Goldsmith Romero's advocacy suggests a changing regulatory environment that favors the integration of digital assets into the banking framework.
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