PIERRE — 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 year’s 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.
