BTC202: Bitcoin Mastermind 3rd Quarter 2024 w Joe Carlasare, Jeff Ross, and America Hodl (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Navigating the Crypto Regulatory Maze
This chapter explores the impact of regulations like Staff Accounting Bulletin 121 on banks' custody of digital assets such as Bitcoin, highlighting the significant liabilities and cash reserve requirements imposed on financial institutions. It examines the challenges faced by banks like Silvergate in the evolving landscape of cryptocurrency regulation, addressing potential political motivations and the implications of selective exemptions. The discussion underscores the tension between traditional banking practices and the rise of innovative financial models, raising questions about the future of regulatory frameworks in an increasingly digital economy.
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