US Banks Enter Cryptocurrency Business Sort of? — Geek Crunch Reviews

By Daniel G. Jennings on The Capital

A federal agency says you can now keep cryptocurrency in American banks. However, US banks cannot create or issue cryptocurrency. Nor can you keep cryptocurrency in a federally insured bank account.

Instead, you can store your cryptocurrency in a safe deposit box, or a bank’s computer system. Thus, you could put your Bitcoin (BTC) in a hardware wallet, store the wallet in a safe deposit, and the bank could insure it. However…