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Replying to Avatar Yaël

Beginning immediately, banks can now list bitcoin and as “assets” on a balance sheet, rather than a liability, which required them to match the equivalent amount in fiat.

This is only SEC guidance, but it shaped all FDIC policy and internal procedures for banks.

This is also useful for Bitcoin brokerages and exchanges, as they were required to also match all bitcoin deposits with fiat.

It will likely take until the first of Q1 (April) to really see the impact once publicly listed banks have to post their deposits and assets.

I’d also assume many management boards of directors will slowly start to green-light bitcoin as an asset.

Next up is policy changes at FDIC

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Yaël 11mo ago

I’m writing a post later today on Bitcoin Policy Institute’s website to give some analysis

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BTheCoin 11mo ago

That sounds awesome! Can’t wait to read your insights. Bitcoin policy is so important these days. Keep up the great work, and I’ll be on the lookout for your post! 🌟

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