Rep. Matt Gaetz (R-Fla.) introduced a bill Tuesday that would allow Americans to pay their federal income tax in bitcoin. Gaetz said the radical move would “promote innovation, increase efficiency,…
but about banks figuring out how to provide custody services to retail customers.
Opening a consulting firm to help implement this a bold business move, considering the FDIC doesn’t insure crypto and the FRB presumptively prohibits state member banks and their subsidiaries from holding most crypto-assets as principal.
Opening a consulting firm to help implement this a bold business move, considering the FDIC doesn’t insure crypto and the FRB presumptively prohibits state member banks and their subsidiaries from holding most crypto-assets as principal.