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A comment on U.S. regulators exploring how banks could hold Bitcoin – FDIC Chairman. Parent comment

Re:U.S. regulators exploring how banks could hold Bitcoin – ... by arcticbull on Tuesday October 26, 2021 @05:06PM (#29006262)
Whose exactly is "their" assets? Assets belong to people, and they're also not broadly stored at banks.
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Re:U.S. regulators exploring how banks could hold Bitcoin – ... by r00fus on Tuesday October 26, 2021 @05:11PM (#29006311)
Financial instruments are assets as well. Banks handle those all the time.
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Re:U.S. regulators exploring how banks could hold Bitcoin – ... by arcticbull on Tuesday October 26, 2021 @05:12PM (#29006317)
Currencies aren't assets. [1]

[1] https://www.commonfund.org/blog/is-currency-an-asset-class#:....

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Re:U.S. regulators exploring how banks could hold Bitcoin – ... by Kranar on Tuesday October 26, 2021 @06:23PM (#29007141)
One random person's blog post is not sufficient to disqualify centuries of economic and accounting literature that has classically defined cash to be a canonical asset class.

Currencies are universally listed at the top of any balance sheet, small or large company alike.

https://en.wikipedia.org/wiki/Asset

https://en.wikipedia.org/wiki/Cash_and_cash_equivalents

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Re:U.S. regulators exploring how banks could hold Bitcoin – ... by arcticbull on Tuesday October 26, 2021 @06:49PM (#29007392)
That's fair, I was off base. Withdrawn, but I'll leave it up so folks understand what you're replying to. Thanks for the correction!
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