Topic: Big Bankers Say Cryptocurrencies Do Not Threat The Global Financial Stability - page 8. (Read 17104 times)
June 08, 2019, 01:02:39 PM
It is necessary to agree with this. Cryptocurrency has only just begun to develop, while it is owned by several percent of the world's population. Compared to other financial assets, its volumes are also small. However, in the conclusion that the cryptocurrency does not yet pose a serious danger to other funds, it also has a positive side. This means that states and international financial organizations will not take any hostile measures against cryptocurrency.
March 04, 2019, 06:07:36 PM
I think that at the time of the approval of ETF, BAKKT, they have taken another way to see bitcoin technology and its whole market in general, they have realized that it is an economy that can not control it, it is not inflationary but deflationary, this is an alternative for the traditional economy, I think that somehow they can protect themselves with some Bitcoin investments and that is why the attack is not like before.
March 04, 2019, 03:12:00 PM
For the time being, no. There are still very few bitcoin users to affect the banking industry and the money that comes into bitcoins are usually exchanged for fiat anyway.
Also so far as BTC is concerned no "free" money is being created that would end up circulating out into fiat economy.
Also so far as BTC is concerned no "free" money is being created that would end up circulating out into fiat economy.
March 04, 2019, 02:42:15 PM
When big bankers are saying that crypto currencies are not threat to the global financial stability, they are not wrong because even without going into the detailed analysis and data they have access to before making such statements, taking a look at the total capitalization value of crypto currency alone shows that its not a force to reckon with as that could be swallowed by the revenue of just one multi national and could be the monthly transaction value of one big bank in the country. However, there is need to put a disclaimer there because it is not expected that the status quo would remain like that till forever because times are changing and the future is almost upon us.
March 04, 2019, 12:19:59 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 
February 24, 2019, 09:02:04 AM
it seems like this won't happen. because I think Bitcoin and Banks in this world can walk together without reproaching each other, and everyone is free to choose to use bank or Bitcoin money, but for a long time it seems that bitcoin will excel compared to banks, because it can send overseas quickly and with a very low discount. but in my opinion banks and bitcoin have their own advantages and disadvantages.
They can work together but banks refusing to do so. I know they will adopt blockchain technology later, but yes bitcoin is still better for many reasons. People have to choose well, be wise since we know that banks are taking advance with our money for so many years and they will continue to do it if we continue to believe on their poor system. February 24, 2019, 07:20:52 AM
It aint a threat but more of a helper.
Why would they even think like that in the first place?
Are they really being threatened by it? Is something changing in the financial stability or are there big losses by now?
If it does then it might be another reason.
Or if it is the crypto world which is the reason then maybe they should change their approach to investing or banking.
They may want to upgrade something.
Why would they even think like that in the first place?
Are they really being threatened by it? Is something changing in the financial stability or are there big losses by now?
If it does then it might be another reason.
Or if it is the crypto world which is the reason then maybe they should change their approach to investing or banking.
They may want to upgrade something.
February 24, 2019, 06:47:02 AM
in fact it can be affected briefly, since the standard methods of world banks will not change in a short time, only people with knowledge and confidence in the blockchain will do it!
February 24, 2019, 05:55:01 AM
This is true in which not all banks are against Crypto currencies. Here in my country alone, our local exchanges are in partnership with our major banks in which we can use their withdrawal facilities every time we converted our Bitcoin to fiat. Our Central bank is also releasing guide lines on how to avoid scam ICOs therefore this shows that crypto currency really not a threat but partner towards prosperity.
That's good, in our country we haven't given access in such a way. Banks were asked to freeze the account of customers if it is used particularly for bitcoin and related needs. The cryptocurrency usage all around the world is very small in percentage when compared to the fiat usage. In this way however if the cryptocurrency market affect the economy it won't make a big impact, maybe it gets shattered a little. What is the name of bank that freezing crypto account ? Every country had several bank brands not just one . not all banks were against cryptos. there are fewer banks that fully suppoet cryptos
I guess you should first ask what these cryptoaccounts really are?
As far as I know, nowhere in the world real banks allow their customers to open cryptoaccounts. Most likely, by these people mean regular accounts where money from operations with crypto is received. And in that case banks can freeze accounts as these sources of income may be considered illegal in a certain jurisdiction
But it is definitely not about some banks allowing these things while others prohibiting as the rules are the same for all banks in the same jurisdiction. Of course, you can successfully disguise your income as something innocent. In that case you won't be caught and your account frozen. But that would be the bank's fault
February 23, 2019, 11:33:58 PM
This is true in which not all banks are against Crypto currencies. Here in my country alone, our local exchanges are in partnership with our major banks in which we can use their withdrawal facilities every time we converted our Bitcoin to fiat. Our Central bank is also releasing guide lines on how to avoid scam ICOs therefore this shows that crypto currency really not a threat but partner towards prosperity.
That's good, in our country we haven't given access in such a way. Banks were asked to freeze the account of customers if it is used particularly for bitcoin and related needs. The cryptocurrency usage all around the world is very small in percentage when compared to the fiat usage. In this way however if the cryptocurrency market affect the economy it won't make a big impact, maybe it gets shattered a little. What is the name of bank that freezing crypto account ? Every country had several bank brands not just one . not all banks were against cryptos . there are fewer banks that fully suppoet cryptos .
Like for example here on our place , some brand of banks are now allowing crypto withdrawals and i heard recently that they will be planning to put up a btc powerd atm aside from the traditional atm . that is to give way for their regular crypto costumers .
February 23, 2019, 10:46:43 PM
This is true in which not all banks are against Crypto currencies. Here in my country alone, our local exchanges are in partnership with our major banks in which we can use their withdrawal facilities every time we converted our Bitcoin to fiat. Our Central bank is also releasing guide lines on how to avoid scam ICOs therefore this shows that crypto currency really not a threat but partner towards prosperity.
That's good, in our country we haven't given access in such a way. Banks were asked to freeze the account of customers if it is used particularly for bitcoin and related needs. The cryptocurrency usage all around the world is very small in percentage when compared to the fiat usage. In this way however if the cryptocurrency market affect the economy it won't make a big impact, maybe it gets shattered a little. What is the name of bank that freezing crypto account ? Every country had several bank brands not just one . not all banks were against cryptos . there are fewer banks that fully suppoet cryptos .
Like for example here on our place , some brand of banks are now allowing crypto withdrawals and i heard recently that they will be planning to put up a btc powerd atm aside from the traditional atm . that is to give way for their regular crypto costumers .
February 23, 2019, 10:32:59 PM
This is true in which not all banks are against Crypto currencies. Here in my country alone, our local exchanges are in partnership with our major banks in which we can use their withdrawal facilities every time we converted our Bitcoin to fiat. Our Central bank is also releasing guide lines on how to avoid scam ICOs therefore this shows that crypto currency really not a threat but partner towards prosperity.
That's good, in our country we haven't given access in such a way. Banks were asked to freeze the account of customers if it is used particularly for bitcoin and related needs. The cryptocurrency usage all around the world is very small in percentage when compared to the fiat usage. In this way however if the cryptocurrency market affect the economy it won't make a big impact, maybe it gets shattered a little. February 23, 2019, 10:05:34 PM
it seems like this won't happen. because I think Bitcoin and Banks in this world can walk together without reproaching each other, and everyone is free to choose to use bank or Bitcoin money, but for a long time it seems that bitcoin will excel compared to banks, because it can send overseas quickly and with a very low discount. but in my opinion banks and bitcoin have their own advantages and disadvantages.
Yeah, they won't be treated as threat by banks because for all we know they are already planning to have their own digital currency as well. There are pros and cons on both sides and it is up to the user which one is appropriate to use according to his needs.
Bankers must be thinking crypto is not threat the global financial stability. Its because market cap cryptocurrency below not more than 1% wall street market cap. As long central banks exist, i think bankers will survive because government depend on banks to grow their economic
February 23, 2019, 09:49:50 PM
This is true in which not all banks are against Crypto currencies. Here in my country alone, our local exchanges are in partnership with our major banks in which we can use their withdrawal facilities every time we converted our Bitcoin to fiat. Our Central bank is also releasing guide lines on how to avoid scam ICOs therefore this shows that crypto currency really not a threat but partner towards prosperity.
February 23, 2019, 09:42:19 PM
it seems like this won't happen. because I think Bitcoin and Banks in this world can walk together without reproaching each other, and everyone is free to choose to use bank or Bitcoin money, but for a long time it seems that bitcoin will excel compared to banks, because it can send overseas quickly and with a very low discount. but in my opinion banks and bitcoin have their own advantages and disadvantages.
Yeah, they won't be treated as threat by banks because for all we know they are already planning to have their own digital currency as well. There are pros and cons on both sides and it is up to the user which one is appropriate to use according to his needs.
February 23, 2019, 09:36:30 PM
it seems like this won't happen. because I think Bitcoin and Banks in this world can walk together without reproaching each other, and everyone is free to choose to use bank or Bitcoin money, but for a long time it seems that bitcoin will excel compared to banks, because it can send overseas quickly and with a very low discount. but in my opinion banks and bitcoin have their own advantages and disadvantages.
January 09, 2019, 03:45:54 PM
When pakistan starts to embrace crypto and their economy begins to compete with that of india they will change asap and fire the idiots who decided to block it in the first place. India has a big population, they should allow them to invest however they wish and provide jobs to the local people
January 09, 2019, 05:58:08 AM
I agree. while there are some points to consider. Cryptocurrency, if used based on how it should be utilized, can be of great help especially in the world of financing and also services. It is just that the very nature of cryptocurrency is now being ransacked by some selfish individuals who likes to get hold of the money quick and in the maximal amount they can lay their hands on. this produces instability and high levels of volatility.
January 09, 2019, 05:13:12 AM
If the crypto is not a threat then there will be no banning from the government
That's not necessarily so
It may not be a threat now, it may not even be a threat in the future, but it won't matter if they think and choose to act otherwise. For example, pot is not a danger to governments either but is it universally allowed? Obviously, not. If anything, it looks more like universally banned. You may not agree with the reasons why it is banned, but the same or similar reasons may be applied to cryptocurrencies as well
They may consider it too volatile or too scammy - and they would be right to a degree, let's admit it. So they will use this pretext and then ban crypto on the account that it is dangerous to common people and their money (read, they are going to receive less taxes), not the governments themselves
January 09, 2019, 02:48:56 AM
Bitcoin is not a threat to the bigger banks what about the smaller banks? we are aware that bitcoin can serve as a store of value a very important feature of course rather than banking their money as fiat a lot of people or investors will prefers keeping or hodling their coin in their respective secured wallets thus jeopardizing the efforts of smallers banks attracting depositors funds.
besides that it will certainly affect economic stability in a country, because with the existence of each bitcoiner's private bank, they will not need a bank. on the one hand the central bank is supporting the economy of a country, moreover there are many employees involved in it, so it is not wrong if as a threat, of course there must be a wise solution Jump to: