I believe that it's a good news for the cryptomarket but it will be not for the long term. Since the market is unstable so it will be a big risk for them. I hope that the initiative of Citibank can have a positive impact in cryptocurrency and Bitcoin.
Topic: Citibank is offering crypto custody. - page 3. (Read 17762 times)
This can be good thing because it will encourage other banks to do the same thing and for this government will create lighter cryptocurrency regulations. I hope Citibank's initiative can have a positive impact in cryptocurrency. Beside this I believe that it's a good news for the cryptomarket and as well as for Bitcoin.
i think this is very imprtant for btc. it will works as a backup. if etf decesion rejected then this step will work perfectly.i think it should implement for long term.
market is now in messy situation. unstable situation of market then the etf decesion which create the whole market messy. on that time citi bank take a greate step. hope it will bring positive sign in crypto market.
great movement and great step taken by citibank. that is great news for crypto market as well as crypto loveres. people will be more interested now in join crypto market.
According to Business Insider’s Frank Chaparro, sources close to Citibank revealed that the $175 billion New York-based bank will offer crypto custody solutions to institutional investors. Through the launch of a product called Digital Asset Receipt (DAR), Citigroup will enable institutional investors to invest in cryptocurrencies in a fully insured and regulated manner. By owning DARs issued by Citibank, investors in the US essentially possess instruments that represent the value of the stocks or assets that are owned by Citibank on behalf of its consumers.
This is good news, everyone who holds crypto money must be very happy and hopefully it will make Bitcoin better and the price will become more stable.
This is a good news indeed. Not only are there more and more participation from the commercial side of the market but this might play a part in bringing the price of the coins up.
New york based Citi bank will offer crypto custody solutions to institutional investors, it will provide institutional investors to invest in cryptocurrencies in a fully insured and regulated manner. Link : https://www.ccn.com/citigroup-is-the-latest-bank-to-offer-crypto-custody-heres-how-it-will-affect-the-market/
good news for the future and hopefully many banks will start similar steps to advance cryptocurrency, we can only wait for the time when things will happen. hopefully in the near future
the news is good enough to pump bitcoin, but this news is still lacking, we need big news that might be heard by all citizens of the world like late last year and it makes the bitcoin pump even bigger.
I hope to hear good news like last year he was late this year, I still hold my crypto assett
I hope to hear good news like last year he was late this year, I still hold my crypto assett
It’s a great news. This type of support is really good for the users. It’s a positive indication to crypto world. Hope it last till the end and increase the amount of crypto users
This is a good news for us. because if the ETF gets rejected, and the chances are that it will again, we will have a backup now. This might also encourage other banks to follow suit too.
very good information, hopefully with this insured investment, it can boost the price of bitcoin because its security is very guaranteed in terms of crypto storage
More good news for Bitcoin, I realized that many banks already know how to exploit electronic money for their payments and make them more profitable.
If they screw up (in this case Citiybank) then holders will have someone to blame and get their money back, probably with a fee on Citybank because big players can force favorable rules. So the custodian gets paid a decent amount an they have an incentive to do well because otherwise they are fucked.
i'm not so sure. it'll be a while before we get the details on this, but it'll probably be like ETFs. language about high risk, trustee losses may be irreversible, etc. i'm still amazed at the idea of high volume bitcoin insurance for these kinds of trusts. i'd love to get a look at the premiums. when something goes wrong (trustee gets hacked or something), it'll make for an interesting and precedent-setting court case.
I don't see anything wrong with this. Let people choose to hold their own coins or pay someone else to do the task for them. As you said the point of bitcoin is to hold it yourself but as you also said we can not avoid this and we shouldn't even bother.
it's unavoidable. just saying, it's certainly not a good thing. a lot of people are going to get fucked by custodial losses st some point.
It's a great news that city bank is interested by cryptocurren that a great move off this bank hoping that other bank will be start also enter in crypto world.
I consider this to be a major in addition to. Individuals can bite the dust gently now. Went to the Bank, composed an announcement of legacy. furthermore, can be to bite the dust ) This joke obviously, yet on certainty Citibank can help extensive number of individuals in this issue
New york based Citi bank will offer crypto custody solutions to institutional investors, it will provide institutional investors to invest in cryptocurrencies in a fully insured and regulated manner. Link : https://www.ccn.com/citigroup-is-the-latest-bank-to-offer-crypto-custody-heres-how-it-will-affect-the-market/
Those are interesting news. That one bank is willing to do that in a so short time period indicates a bright future for the currency itself and we can expect this kind of actions to only increase later.
The question is, how many banks will follow and how many will attempt to resist?
Another interesting thing is to see how much security those banks can have while watching over Bitcoin. Let's see, i'm curious.
WOW!!
So it has started, This is both Good and Bad for Crypto world.
Good - New money, Boosting investor confidence and Adoption of Cryptocurrency will be coming to the market.
Bad - You can expect Market Regulation and slowly control over Cryptoworld .
I may be wrong about it..but this is what I feel.
So it has started, This is both Good and Bad for Crypto world.
Good - New money, Boosting investor confidence and Adoption of Cryptocurrency will be coming to the market.
Bad - You can expect Market Regulation and slowly control over Cryptoworld .
I may be wrong about it..but this is what I feel.
This is nothing new. Actually Xapo has been offering a god damn underground bunker somewhere in an undisclosed location, claiming that it's safe and will keep the funds in cold storage with several layers of protection.
Im not sure if this is only aimed at individuals or institutions could apply too. I don't see why not. At the end of the day it's all the same, you just have to keep wallets safe, it's always the same procedure no matter who is on the other end, or at least that's how it should be. If I had a business on that field I wouldn't make distinctions between an average random guy and an institutions, you must pull maximum effort into keeping everyone's money safe.
I had big hopes with Xapo's service but im a bit disappointed with Wences being part of the segwit2x nonsense back then, I hope these guys don't support further forks in the future.
WOW!!
So it has started, This is both Good and Bad for Crypto world.
Good - New money, Boosting investor confidence and Adoption of Cryptocurrency will be coming to the market.
Bad - You can expect Market Regulation and slowly control over Cryptoworld .
I may be wrong about it..but this is what I feel.
So it has started, This is both Good and Bad for Crypto world.
Good - New money, Boosting investor confidence and Adoption of Cryptocurrency will be coming to the market.
Bad - You can expect Market Regulation and slowly control over Cryptoworld .
I may be wrong about it..but this is what I feel.
I agree on the good and bad points.
If anything this news shows that there is a lot of interest in bitcoin as an investment.
Im not sure what the future holds for these bitcoin investment products and this
road to regulation of some sort and which some are not too bothered with.
Hmmm more food for thought.
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