Crypto Exchanges Need Proof Of Reserves: Bitcoin Policy Institute Report

[Google News Bot]

A new report from the Bitcoin Policy Institute discusses why the industry needs to adopt proof of reserves following the bankruptcy of FTX exchange.The Bitcoin Policy Institute (BPI), a non-profit dedicated to furthering governmental Bitcoin adoption, has released a new report discussing proof-of-reserves (PoR) in the bitcoin and cryptocurrency ecosystem following the FTX collapse, per a release sent to Bitcoin Magazine. “Proof of Reserves: a Report on Mitigating Crypto Custody Risk" discusses the fallout from FTX’s bankruptcy. This cascading event has led to multiple exchanges p ...

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