[2014-01-15] Coindesk - Wells Fargo Holds Summit on Bitcoin Engagement

Wells Fargo Holds Summit on Bitcoin Engagement

http://www.coindesk.com/wells-fargo-summit-bitcoin/

The group was assembled by Jim Richards, the head of anti-money-laundering at the bank.

“We are gathering a group of internal and external experts and interested parties to help us understand virtual currencies as well as the digital currency payment system. We are looking to learn and become better informed in that area,” a source at Wells Fargo told CoinDesk today.

Nevertheless, the fact that Wells Fargo is holding the meeting at all must be a positive sign for the digital currency community. It is the largest bank by market capitalisation, and has over 9000 retail branches across the US. Any clarity in banking policy at this level will doubtless steer opinion elsewhere in the banking community.

big one! even bigger than the overstock news in my opinion.