Re:U.S. FDIC tells Signature crypto clients to close account...
by JumpCrisscross on Tuesday March 28, 2023 @11:12PM
(#35351834)
> properly run crypto custodians don't make the news, are 100% collateralized and can withstand 100% withdrawals in an orderly fashion
This is all properly-run custodians. They don’t make the news because they shouldn’t. Institutions demanded custody for crypto because they wanted the safety traditional custodians provide.
In the old days, CFOs were trained on sweeping cash across FDIC-insured accounts and custodying Treasuries and the like. Apparently, that is now obsolete.
This is all properly-run custodians. They don’t make the news because they shouldn’t. Institutions demanded custody for crypto because they wanted the safety traditional custodians provide.
In the old days, CFOs were trained on sweeping cash across FDIC-insured accounts and custodying Treasuries and the like. Apparently, that is now obsolete.