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BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel (Bitcoin Podcast)
Jan 24, 2024
01:10:02
Snipd AI
Caitlin Long, founder of Custodia Bank, and Wes Knobel discuss how Custodia is redefining traditional banking, the challenges faced with the Federal Reserve, and the evolving world of cryptocurrency banking. They also touch on the recent SEC approval of Bitcoin ETFs, potential government intervention in cryptocurrency holdings, and predictions for the future of banking in the era of digital currencies.
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Quick takeaways
- The importance of secure and regulated custody solutions in the growing Bitcoin market
- The technological approach of Custodia Bank aims to offer a secure and efficient custody solution for bitcoin investors
Deep dives
The Impact of Institutional Custody on Bitcoin ETF News
The podcast episode discusses the importance of institutional custody in the context of the Bitcoin ETF news. It highlights the potential risk associated with the consolidation and custody of Bitcoin by a few custodians. The conversation emphasizes the concept of bailment, which refers to the temporary possession of assets without transferring legal ownership. The podcast also differentiates between trust companies and banks in terms of their bankruptcy treatment, highlighting the significance of being a bank for custody purposes. The discussion touches on the challenges faced by custodia, a state-chartered bank, in the process of gaining approval and its implications for the ETF market. Overall, the episode sheds light on the need for secure and regulated custody solutions in the growing Bitcoin market.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode