Cryptocurrency: A Deep Dive Into Your Bank’s Risks, Rewards, And Options

One Nationally Chartered Bank Now Offers Bitcoin – Will You? Learn How to Meet Growing Demand and Minimize Risk. The first nationally chartered U.S. bank with FDIC insurance began offering Bitcoin services this month, allowing customers to buy, sell, and hold cryptocurrency assets directly with their bank accounts. This development and its approval by the Office of the Comptroller of the Currency (OCC) foreshadow that consumers will want similar services from your institution. You must move quickly to meet this growing demand. You need to understand how virtual currencies and cryptocurrencies work, what risks they create for your institution and customers, and the specific steps to follow to provide these services. Cryptocurrency and financial crime expert Michael Schidlow will explain how banks and credit unions must evolve to provide account holders with the new services they demand. You will learn how to anticipate and reduce risk.