PIERRE, S.D.(WNAX)- 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 years 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 $53,000 dollars, with a total circulation of over one trillion dollars.