Crypto – You can bank on that!
Peter Tapling, APRP – PTap Advisory, LLC
According to CNBC|Momentive, 60% of adults rate the risk of crypto investing as “high”. At the same time, The Ascent reports 56% of American adults say they own or have currently owned cryptocurrency. What are the chances some of those customers are yours? FTX has been in the news – but does that represent a crypto risk? You can no longer just be on the sidelines of cryptocurrency activity – it is likely your financial institution is touched by cryptocurrency activity. But there is no need to panic! Like all other banking services, dealing with cryptocurrency requires education, awareness, risk management and policies. With these in place, conversations with your team, board, regulator – and CUSTOMERS – are much more productive. This session will provide the basics of cryptocurrency with a focus on handling cryptocurrency related transactions.