What's the use for bank digital asset custody?

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May 17, 2018
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#1
Everyone's touting the big news that South Korea's largest bank KB Kookmin will offer a digital assets custody service.

I mean doesn't this completely defeat the purpose of decentralization?

Isn't the revolutionary Bitcoin selling point that everyone's their own bank? Aren't banks supposed to be scared and so on?

This isn't good for Bitcoin or any crypto IMO. It might bring some short term publicity but it completely defeats the purpose of decentralization.
 

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