[2017-09-29] US Currency Boss Opens Door to Licensed Bitcoin Banks

[tyz]

US Currency Boss Opens Door to Licensed Bitcoin Banks

The acting comptroller of the currency for the U.S. Treasury Department has said he is open to the idea that banks might one day conduct business in bitcoin and other cryptocurrencies.

Speaking at an event hosted by the U.S. Federal Reserve yesterday, Keith Noreika, the newly named director of the agency tasked with supervising all national banks, went so far as to state publicly that he foresees a future in which such companies might be granted "fintech charters" – proposed licenses designed to simplify the way banks do businesses across state borders.

https://www.coindesk.com/us-currency-boss-opens-door-licensed-bitcoin-banks/

[Coin-Keeper]

It is possible that this could happen quickly.  Anything that promotes general acceptance of BTC use is a good thing.

[pitham1]

If push comes to shove, he will say he made those comments in his personal capacity. In any case, there is no market for bitcoin lending now. So why would a bitcoin bank be set up now?