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Author Topic: FDIC  (Read 294 times)
iddy021421
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May 02, 2012, 07:13:07 PM
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Is my money FDIC insured?
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There are several different types of Bitcoin clients. EWallets are like banks -- a central organization has complete control over your money. You shouldn't put much money in EWallets.
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May 02, 2012, 07:20:16 PM
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What money are you talking about?

FDIC extends to U.S. banks that are part of the Federal Reserve Banking System.   FDIC is deposit insurance that reduces the risk of your banking institution going insolvent and you not having access to your "deposited" funds.

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May 02, 2012, 11:10:19 PM
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in other words, no... your bitcoins(btc) are not federally regulated, there fore they are not insured... but this could open up the doors to btc insurance companies... not a bad idea, nice work!

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