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More banks will adopt bitcoin in 2022
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[QUOTE="Lens1000, post: 206758, member: 37726"] According to a study by American Banker, some 300 community banks are scheduled to commence Bitcoin trading in the first half of 2022 in conjunction with Stone Ridge subsidiary NYDIG. The plan was first revealed in July. Banks have been working on regulatory challenges over the previous few months. After confirming their relationships and addressing security concerns related to the innovative asset class, participants questioned by American Banker indicate they are close to providing support for Bitcoin. Despite the fact that buying Bitcoin from a bank may appear to be an oxymoron, local banks believe that embracing crypto will help them stay solvent. Cryptocurrencies will play a bigger role in Synovus Bank's business, according to Zach Bishop. He is, nevertheless, cautiously optimistic. The CEO of BankSouth, Harold Reynolds, has noticed a significant increase in bitcoin investment among his bank's clients. [/QUOTE]
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