News

Banks Waiting on Crypto Currencies

Banks Waiting on Crypto Currencies

Photo: clipart.com


While crypto currencies like Bitcoin are getting a lot of attention, commercial banks are waiting on the sidelines.

South Dakota Bankers Association President Karl Adam says they opposed a bill in this years legislature dealing with those online transactions…

Adam says the volatility of crypto currency is a problem for banks…

Adam says there are trust companies in the state that do deal in the crypto world…

One Bitcoin is now valued at about fifty-three thousand dollars, with a total circulation of over one trillion dollars.