The Capital
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The Capital

US Banks Enter Cryptocurrency Business Sort of? — Geek Crunch Reviews

By Daniel G. Jennings on The Capital

A federal agency says you can now keep cryptocurrency in American banks. However, US banks cannot create or issue cryptocurrency. Nor can you keep cryptocurrency in a federally insured bank account.

Instead, you can store your cryptocurrency in a safe deposit box, or a bank’s computer system. Thus, you could put your Bitcoin (BTC) in a hardware wallet, store the wallet in a safe deposit, and the bank could insure it. However…

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Daniel G. Jennings

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.

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