Source: Federal Reserve Bank of Atlanta
The Federal Reserve Bank of Atlanta examines the current regulatory environment for bitcoin-related businesses as well as measures these businesses can adopt to mitigate the BSA/AML risks inherent in the bitcoin protocol. It also presents a framework for financial institutions to consider for managing the risks associated with banking these companies.
Speed and low cost can make bitcoin an attractive payment solution, but it carries some risk. What can the businesses that are emerging to support bitcoin do to ensure that they can establish banking relationships? This working papers offers some analysis.
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