partially provisioned banks
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The Irony of Regulatory Authorities’ Push for Bitcoin Custody in Partially Provisioned Banks
According to reports, Gabor Gurbacs, Director of Digital Asset Strategy at VanEck, an investment management company in New York, stated on social media that regulatory agencies are
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Regulatory Authorities Pushing for Bitcoin Custody in Bankrupt Banks: A Risky Move
According to reports, Gabor Gurbacs, Director of Digital Asset Strategy at VanEck, an investment management company in New York, stated on social media that regulatory agencies are
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Regulatory Agencies and Custody of Valuable Fully Provisioned Bearer Assets: A Cause for Concern
According to reports, Gabor Gurbacs, Director of Digital Asset Strategy at VanEck, an investment management company in New York, stated on social media that regulatory agencies are
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Adam Back: Bitcoin is the antimatter of partially reserved banks
According to reports, Adam Back, CEO of Blockstream, a cryptographic infrastructure company, said that Bitcoin is the antimatter of partially provisioned banks, and partially provisioned banks may not be able to survive in the interaction. “Too many people withdraw money to buy Bitcoin, and banks will run out of reserves and fail. No bank can survive a 10% rapid withdrawal.”. Interpretation of this information: The statement made by Adam Back, the CEO of Blockstream, has a controversial and intriguing tone. He states that Bitcoin is the anti-matter of partially provisioned…