Unfair to fiat banks

Regional banking institution WesBanco disclosed in its most recent annual report dated Feb. 27 and filed with the Securities and Exchange Commission (SEC) that the advent of new fintech products such as cryptocurrencies could cause them to lose clients.
From the filing:

“Additionally, banks and other financial institutions may have products and services not offered by WesBanco such as new payment system technologies and cryptocurrency, which may cause current and potential customers to choose those institutions.”

The fiat bankers should utilize the  full breadth of sandbox.  They are suspended between two regulation theories, The old method put banks as controllers of bearer cash. The new method continues power  of attorney for client.

Fed research staff should understand the issue and move us toward PofA systems.  The is potential coordination failure, getting riskier.