I have always thought the same, cause I don't really see how cryptocurrency is affecting banks, though I do think that it might affect how much they make from transactions as a lot of people might starting opting for Bitcoin for making transactions. But apart from that there is no other way I think that cryptocurrency is affecting banks. If it was affecting them they would have started against it all this while and that would have led to the government stopping cryptocurrency once and for all.
They do hate bitcoin and other crypto currencies. They feel threatened by their existence. Who said they aren't against it? Even VISA started to cut ties with companies that provided cards that can be recharged using crypto currencies. There are countries were the bank closes customers account if they find any transaction related to crypto currencies. I would say this is quite normal. We all know, bank will slowly be removed from existence if crypto currencies become mainstream. 
Topic: Big Bankers Say Cryptocurrencies Do Not Threat The Global Financial Stability - page 7. (Read 17108 times)
June 19, 2019, 02:24:39 PM
June 19, 2019, 02:19:59 PM
I think stability aside it doesn't threat the fact that we are still digitalizing our current monetary system, me and my wife realized we didn't had any cash today for example, literally zero cash available at our house today, she was going some place where she has to use a parking lot and it was 2 bucks per hour which is not that much and don't get me wrong we have plenty in credit cards and debit cards I can put my car there and keep it there for a whole month without a problem yet in cash we had zero.
She took my debit card to withdraw some so she can pay in cash (parking lot doesn't take card) and that tells you how much we are moving away from cash to digital without crypto anyway. So it is definitely possible that banks are already ready for the crypto revolution more than we think they are.
We are definitely moving from a physical form of money to one that is digital but that is where it ends the similarities between fiat and bitcoin, banks have a monopoly and like any monopoly they do not want to lose it, but now a competitor has appeared that does not depend on them and in fact makes them obsolete and they are not sure how to respond, one day bitcoin is a huge threat to the monetary system and the next they think of it as if it is not a big deal, but deep down they know that bitcoin is the greatest threat they have ever faced and they are not sure they will win this battle. She took my debit card to withdraw some so she can pay in cash (parking lot doesn't take card) and that tells you how much we are moving away from cash to digital without crypto anyway. So it is definitely possible that banks are already ready for the crypto revolution more than we think they are.
June 19, 2019, 04:58:52 AM
Banking is a major system of monetary exchange carrying out economic activities and this is been a centuries. And now, cryptocurrency made its way to the world. A major shift has happened in how people can do business and make transactions. Suddenly, the value is able to be exchanged outside of the traditional banks in the flash of a mobile phone. I think this will become a threat if one country will not allow the existence of cryptocurrency to be a part of their economy. You, people will tend to look for a way that will make them hassle free.
June 19, 2019, 03:18:51 AM
I think stability aside it doesn't threat the fact that we are still digitalizing our current monetary system, me and my wife realized we didn't had any cash today for example, literally zero cash available at our house today, she was going some place where she has to use a parking lot and it was 2 bucks per hour which is not that much and don't get me wrong we have plenty in credit cards and debit cards I can put my car there and keep it there for a whole month without a problem yet in cash we had zero.
She took my debit card to withdraw some so she can pay in cash (parking lot doesn't take card) and that tells you how much we are moving away from cash to digital without crypto anyway. So it is definitely possible that banks are already ready for the crypto revolution more than we think they are.
She took my debit card to withdraw some so she can pay in cash (parking lot doesn't take card) and that tells you how much we are moving away from cash to digital without crypto anyway. So it is definitely possible that banks are already ready for the crypto revolution more than we think they are.
June 19, 2019, 01:37:13 AM
I have always thought the same, cause I don't really see how cryptocurrency is affecting banks, though I do think that it might affect how much they make from transactions as a lot of people might starting opting for Bitcoin for making transactions. But apart from that there is no other way I think that cryptocurrency is affecting banks. If it was affecting them they would have started against it all this while and that would have led to the government stopping cryptocurrency once and for all.
June 14, 2019, 02:18:21 AM
they were definitely wrong. Venezuelans are feeling proud to buy BTC at low prices and their money is increasing. and then, 2020 BTC again halving again and the value continues to increase. So why does it not affect the stability of global finance? The market capitalization of crypto market is now more than $ 250 billion and the future will rise very high.
Venezuelans have no choice, their banks and economy are falling that's why they have to go to Bitcoin to help them survived, you can also say the same case with Zimbabwe's collapse
I'm not sure whether they actually have no choice
And I'm not even certain they are in fact so much interested in cryptocurrencies as we are inclined to think. To me, their currency of choice should be (and likely is) the American dollar. It is totally liquid as well as accepted everywhere, and it is definitely easier to transact with, I mean buy everyday things. This is what Venezuelans need in their circumstances. Bitcoin and company are more suitable for people who are already well off and can afford the inconvenience of cryptocurrencies
June 14, 2019, 01:11:48 AM
they were definitely wrong. Venezuelans are feeling proud to buy BTC at low prices and their money is increasing. and then, 2020 BTC again halving again and the value continues to increase. So why does it not affect the stability of global finance? The market capitalization of crypto market is now more than $ 250 billion and the future will rise very high.
Venezuelans have no choice, their banks and economy are falling that's why they have to go to Bitcoin to help them survived, you can also say the same case with Zimbabwe's collapse. The so called threat to Global Financial Stability steam from the idea that it can devaluate any currencies, let's say USD. But that is not what we are seeing right now. Banking systems have been in existence for hundreds if not thousands of year, I'm pretty sure they know how to protect their interest and I doubt that crypto can just steam rolled on them and threaten their existence.
June 11, 2019, 08:29:42 AM
they were definitely wrong. Venezuelans are feeling proud to buy BTC at low prices and their money is increasing. and then, 2020 BTC again halving again and the value continues to increase. So why does it not affect the stability of global finance? The market capitalization of crypto market is now more than $ 250 billion and the future will rise very high.
June 11, 2019, 08:10:52 AM
I find that Banks doe snot have a lot credibility when talking about financial stability.
Banks are those who are to blame for the last stock market crash due their recklessness in real estate bond market, they are not a good factor.
I would say that one should look for monetary policy stands on national and federal banks.
Banks are those who are to blame for the last stock market crash due their recklessness in real estate bond market, they are not a good factor.
I would say that one should look for monetary policy stands on national and federal banks.
June 11, 2019, 04:45:52 AM
I also think that crypto coins not affect global economy and also hope a little because people buy and VAT go to economy, there are other problems who affect global economy.
Considering the world economy what we experience with bitcoin is just a mere percentage of its true form of growth. Global economy of a country won't get any form of dependence on the tools that are required to analyze the network in a much shorter time frame. It is a good thing they are beginning to see that it really doesn’t not threaten the existence of these financial institutions, and what I expect now is for them to start deliberating how to adopt it and also regulate it.
June 10, 2019, 02:03:06 AM
Crypto and banks in my opinion will not be a solid partner, I mean it's just hardly except the crypto is their own making, but if the crypto is 3rd party, we are talking about the impossible things, however blockchain is different matter, many of corporations consider blockchain for efficiency and many things, I guess blokchain system will be the one that come to acceptance first.
Big bankers may not be seeing the threats posed by cryptocurrency now or maybe they are just good in hiding what they really think inside. I am seeing the possibility that banks or group pf banks would be issuing their own cryptocurrency and I think there is already something like this right now
That's not very likely
Banks are completely tied up by regulations of the financial authorities and they can't issue their own currencies which are to be universally accepted (think cryptocurrencies here) as that would be a direct violation of the corresponding regulations. In other words, until the government allows them to do that (which is not going to happen in the foreseeable future), you can safely forget about this option
Cryptocurrency and the banks are strange to each other all because there are properties of banking that the former are also offering and here the control is not anymore with the banks
There is nothing strange in that combination. Banks had existed long before paper money not backed up by anything came about
June 09, 2019, 06:34:04 PM
Cryptocurrencies is not yet widely used globally so thereis still no effects in the global economy and the users of virtual currencies are still in minority compared to the fiats. The effects will be felt if governments decided tolegalized cryptocurrencies and allows it to be use in every transaction. The high volatility of the cryptocurrencies will become the main issue of the virtual couns in the future. But it remain to be seen if the cryptocurrencies will become a threat to the global financial stability because it is still limited in use.
June 09, 2019, 10:24:45 AM
Crypto and banks in my opinion will not be a solid partner, I mean it's just hardly except the crypto is their own making, but if the crypto is 3rd party, we are talking about the impossible things, however blockchain is different matter, many of corporations consider blockchain for efficiency and many things, I guess blokchain system will be the one that come to acceptance first.
Big bankers may not be seeing the threats posed by cryptocurrency now or maybe they are just good in hiding what they really think inside. I am seeing the possibility that banks or group pf banks would be issuing their own cryptocurrency and I think there is already something like this right now. Cryptocurrency and the banks are strange to each other all because there are properties of banking that the former are also offering and here the control is not anymore with the banks. However, since there is a big potential for cryptocurrency to create profits and wealth, it is quite possible that banks van be involved in the trading of digital assets.
June 09, 2019, 04:15:45 AM
I also think that crypto coins not affect global economy and also hope a little because people buy and VAT go to economy, there are other problems who affect global economy.
Considering the world economy what we experience with bitcoin is just a mere percentage of its true form of growth. Global economy of a country won't get any form of dependence on the tools that are required to analyze the network in a much shorter time frame. June 08, 2019, 11:04:57 PM
I also think that crypto coins not affect global economy and also hope a little because people buy and VAT go to economy, there are other problems who affect global economy.
Considering the world economy what we experience with bitcoin is just a mere percentage of its true form of growth. Global economy of a country won't get any form of dependence on the tools that are required to analyze the network in a much shorter time frame. 
June 08, 2019, 05:15:05 PM
June 08, 2019, 01:00:11 PM
I also think that crypto coins not affect global economy and also hope a little because people buy and VAT go to economy, there are other problems who affect global economy.
Considering the world economy what we experience with bitcoin is just a mere percentage of its true form of growth. Global economy of a country won't get any form of dependence on the tools that are required to analyze the network in a much shorter time frame. 
June 08, 2019, 12:26:15 PM
Not yet but where trust shifts from banks and governments towards crypto it will be for sure. It is already impressive to see where crypto stands today.
June 08, 2019, 12:22:40 PM
how do they expect us to believe them now, they made us believe Bitcoin was not real some years back and bitcoin turned out to be authentic 
OP,I guess you are too easily manipulated by the bankers,if you really believed that bitcoin isn't real.
By the way,what you mean by "authentic"?
What makes a currency(crypto or fiat) authentic or not?
June 08, 2019, 12:20:17 PM
I also think that crypto coins not affect global economy and also hope a little because people buy and VAT go to economy, there are other problems who affect global economy.
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