georgephillip
Diamond Member
There is a global push for digital sovereign currencies which seems to be stronger in China than in the US; however, there are US blockchain startups arguing new national banks should be chartered without federal deposit insurance.
Does this sound like a good plan?
Trump Regulator Set to Consider Approving the Banking Model that Ushered in the Great Depression – Uninsured Deposits
"Seven banking and credit union associations have sent a letter to the Office of the Comptroller of the Currency (OCC), the regulator of national banks in the U.S., spelling out the dangers of the OCC approving a pending bank charter that would allow a national bank to accept and hold deposits that lack federal deposit insurance.
"The lack of federal deposit insurance triggered the bank runs and banks collapses that played a key role in ushering in the Great Depression.
"The bank making the proposal for uninsured banking is Figure Bank, N.A., part of the blockchain startup, Figure Technologies"
Difference Between Digital Currency Vs Cryptocurrency
Does this sound like a good plan?
Trump Regulator Set to Consider Approving the Banking Model that Ushered in the Great Depression – Uninsured Deposits
"Seven banking and credit union associations have sent a letter to the Office of the Comptroller of the Currency (OCC), the regulator of national banks in the U.S., spelling out the dangers of the OCC approving a pending bank charter that would allow a national bank to accept and hold deposits that lack federal deposit insurance.
"The lack of federal deposit insurance triggered the bank runs and banks collapses that played a key role in ushering in the Great Depression.
"The bank making the proposal for uninsured banking is Figure Bank, N.A., part of the blockchain startup, Figure Technologies"
Difference Between Digital Currency Vs Cryptocurrency