PANews reported on May 27 that according to Cointelegraph, at an event during the Bitcoin 2025 Conference in Las Vegas, Michael Saylor said that it is a "bad idea" for institutions to issue proof of reserves on the chain, which may bring security risks. "This actually weakens the security of issuers, custodians, exchanges and investors. This is not a good idea, but a bad idea."
Michael Saylor: It is not a good idea for institutions to issue proof of reserves on the chain due to security risks
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
Singapore Gulf Bank: Embracing cryptocurrencies and new banking services under a compliant framework
PANews App
24/7 blockchain news tracking and in-depth analysis.
