Topic: Countries with banks to buy and sell cryptocurrencies (Read 1606 times)
In Venezuela a few days ago the Western Discount Bank (BOD) started its services with cryptocurrencies. This bank will allow transactions and transfers with cryptocurrencies, and will allow the link between its users and exchanges, although at the moment this service will only be between clients of the same bank. This announcement was made in a period of time very close to the announcement, by the Venezuelan government, of the collection of taxes for all payments made in cryptocurrencies that will be between 21% and 41%.
As the number of supporters for crypto currency increases, the chance for it to soar high develops too. Trends like this could strengthen the crypto community as a mass adoption would surely happen. I hope our country also would see the bright future of cryptocurency ahead and invest in it for a possible return of profit that will benefit the society. Furthermore, crypto currency could help a country with the benefits it has especially an opportunity for the people to be an investor in the comfort of their own home and accessibility anywhere.
It seems to me that with the legalization of cryptocurrencies, the banking system, including the government, will lose the monopoly in the financial market and lose the ability to influence and control people. Although many cryptocurrency users today are trying to take bank loans in order to invest in cryptocurrency. This is a very dangerous step, but for banks it is a very profitable and good cooperation.
There is NO WAY banks are not buying into crypto fever. They are the biggest players in the financial world and they are definitely trying their best to make as much money as possible and bitcoin is literally out there to get power under them and bring it back to people so they will want to make some sort of investment against that.
They probably caused the 2017 peak as well because they wanted to buy as much as possible and store somewhere in case bitcoin became too powerful, they can't just be left behind watching when everyone is making money. However the real money will come when instead of binance, coinbase and stuff like that we have international huge banks like HSBC helping people buy/sell/trade and even send/receive bitcoins with ease and charge less.
They probably caused the 2017 peak as well because they wanted to buy as much as possible and store somewhere in case bitcoin became too powerful, they can't just be left behind watching when everyone is making money. However the real money will come when instead of binance, coinbase and stuff like that we have international huge banks like HSBC helping people buy/sell/trade and even send/receive bitcoins with ease and charge less.
As the number of supporters for crypto currency increases, the chance for it to soar high develops too. Trends like this could strengthen the crypto community as a mass adoption would surely happen. I hope our country also would see the bright future of cryptocurency ahead and invest in it for a possible return of profit that will benefit the society. Furthermore, crypto currency could help a country with the benefits it has especially an opportunity for the people to be an investor in the comfort of their own home and accessibility anywhere.
Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit.
What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?
What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?
Wow that's really cool tho, i can't really imagine that there are some countries that can allow to buy and sell crypto currency in their bank, that really awesome i hope my country will allow it too. But do you think that government itself who allow it?
on what country you reside ? if your government blocked cryptos then chances are you cant use cryptos too as well as those services mentioned here will not also be possible but dont worry because your country will not be forever like that . many countries are now crypto friendly and soon no countries will be left out because that will be shameful for them if they will act differently . however if cryptos are already legal on your place but there isnt a service like this , you are still always welcome to buy and sell on other platforms . there many of them .
Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit.
What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?
What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?
Wow that's really cool tho, i can't really imagine that there are some countries that can allow to buy and sell crypto currency in their bank, that really awesome i hope my country will allow it too. But do you think that government itself who allow it?
but I think banks will be subject to government regulations.
Always. If that happens, crypto will be regulated in that country by the government. It is not that difficult to do so. Just KYC the exchanges allowing crypto and monitor the users who are using it. When they see some tainted transactions that person gets into trouble. 
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in this case the government has the main role to adopt the mass, and the bank will obey orders from the government determined by law. hopefully the government will immediately decide to adopt this mass, given the rapid development of the human population
It will be bullish even if people may feel their skin crawl. As long as you are not doing something that is illegal you should be fine. There are stock markets commodity markets which are regulated and bitcoin will be a similar one.It will actually get into control the bitcoin related cybercrimes that happen but dont get reported.
Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit.
What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?
What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?
I've read more about the Buy/Sell of cryptos in Germany.
https://news.bitcoin.com/german-banks-authorized-to-store-and-sell-cryptocurrency-in-2020/
. I really think crypto is unstoppable and this is a good thing to wash away little by little that cryptos are scam and untrusted since it is already the bank that offers cryptos. Here in PH, I am so happy to think that even in an express money changer, or even a convenience store we can buy crypto.
Interesting! Banks from other countries should to do that. Virtual money is even not legal in some countries so your country must be the best!
I think it is possible that some other banks will do the same thing. But ofcourse if that happened, we have to follow their rules. 
Goverment are making their move to study and soon be adopt. I think government will only keep this secret and soon will accept it after they finalise about how will cryptocurrency and blockchain will help them to do better in their currenct system. Banks will also accept bitcoin as payment but it will take a lot of time to implement it. They will make their own study on how will help them and adopt their current track because it's price is not stable.
but I think banks will be subject to government regulations. in this case the government has the main role to adopt the mass, and the bank will obey orders from the government determined by law. hopefully the government will immediately decide to adopt this mass, given the rapid development of the human population
Interesting! Banks from other countries should to do that. Virtual money is even not legal in some countries so your country must be the best!
Goverment are making their move to study and soon be adopt. I think government will only keep this secret and soon will accept it after they finalise about how will cryptocurrency and blockchain will help them to do better in their currenct system. Banks will also accept bitcoin as payment but it will take a lot of time to implement it. They will make their own study on how will help them and adopt their current track because it's price is not stable.
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That’s a very good thing. But no bank has reported that they are buying and selling bitcoins yet.
This long process will take its time, maybe fro 1 to 3 years just for people to know about it, try, test it, and then buy and use it.
I also know that banks in Germany have started to buy and sell cryptocurrency. This is a good step for crypto mass adoption. Regarding other
countries that have not followed Germany's steps, it is likely that other countries feel the number of cryptocurrency users is still very low
compared to the world's population. And it's also possible because cryptocurrency has not been widely used for life everyday, so other countries
are still in doubt. But sooner or later other countries will follow in the footsteps of banks in Germany. Because cryptocurrency growth is far
better than fiat currency.
countries that have not followed Germany's steps, it is likely that other countries feel the number of cryptocurrency users is still very low
compared to the world's population. And it's also possible because cryptocurrency has not been widely used for life everyday, so other countries
are still in doubt. But sooner or later other countries will follow in the footsteps of banks in Germany. Because cryptocurrency growth is far
better than fiat currency.
The Domino Effect will occur.. where when a country innovates and then succeeds, other countries will follow in the footsteps of that country. IMO.. China, Japan, South Korea, Singapore, and Russia will most likely follow Germany in the future before other countries in the world
You are being very optimistic. While I appreciate the effort but you have to understand that the popular opinions about crypto is not really good in most countries barring a few. While one country may accept and allow its banked usage, other countries may refuse so what you think of a domino might be a mixture of domino vs anti-domino Truly it would be a bullish trend if that occurs but it is not likely to happen and certainly less likely to happen within a few years.
I agree with you that this new service will bring Crypto to its peak Will gradually support each country and meet decentralized needs. The United States or the United States is launching this system to improve the economy of their country.
LOL nothing really has happened till now except this news from German banks. They may not accept it and stop allowing it to be bought sold in future. Still lets hope for the best.
Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit.
What are the other countries where anyone legally can buy/sell cryptos at commercial centralized
in asia specifically in Philippines there are Banks with Cryptocurrency ATM's in which you can Purchase numbers of crypto.What are the other countries where anyone legally can buy/sell cryptos at commercial centralized
but Banks that Buying and Selling Crypto?that would be cool to see,imagine they are offering safe service(of course without scams like online )and this is one good moves from Government of Germany as they are one of the adopters of Bitcoin and Cryptocurrencies like Japan and other countries.
Keeping buying or trading cryptos at centralized exchanges won't help that much to bring 100% crypto tx and make finance totally decentralized, but in the beginning has to be in this way, maybe in the future, there will be more people using only decentralized exchanges.
That’s a very good thing. But no bank has reported that they are buying and selling bitcoins yet. Only that the law was approved in Germany and the law will allow banks there to be able to buy and sell Bitcoin. But, there have not been anyone that is accepting it yet, the law was passed January this year, so banks wouldn’t rush into it yet.
As time goes on they will start selling it to their customers. I also look forward to when other countries will set similar rules and allow banks to be able to sell Bitcoin to people, it would be really good.
Maybe there are some banks that are accepting bitcoin and they will convert it into fiat or local currency so that the particular person can really withdraw that money and use it in a local store. If the banks really adopt bitcoin, it is good to spread the goodness of cryptocurrency has. As time goes on they will start selling it to their customers. I also look forward to when other countries will set similar rules and allow banks to be able to sell Bitcoin to people, it would be really good.
That’s a very good thing. But no bank has reported that they are buying and selling bitcoins yet. Only that the law was approved in Germany and the law will allow banks there to be able to buy and sell Bitcoin. But, there have not been anyone that is accepting it yet, the law was passed January this year, so banks wouldn’t rush into it yet.
As time goes on they will start selling it to their customers. I also look forward to when other countries will set similar rules and allow banks to be able to sell Bitcoin to people, it would be really good.
As time goes on they will start selling it to their customers. I also look forward to when other countries will set similar rules and allow banks to be able to sell Bitcoin to people, it would be really good.
If all countries, including banks launch cryptocurrency buying and selling cryptocurrencies the cryptocurrency will improve and therefore the demand for Bitcoin will increase. In my opinion not just Japan but the UK China and Malaysia will help it spread among the people to enhance their economy and industry Bitcoin does tons of excellent work and without it the crypto market is going to be at its peak when the whole world is spread.
I agree with you that this new service will bring Crypto to its peak Will gradually support each country and meet decentralized needs. The United States or the United States is launching this system to improve the economy of their country.
in my country there are official exchangers for buying and selling cryptocurrency in accordance with government regulations. so purchasing bitcoin using a local bank intermediary can be done. but if what is meant is that the bank has a crypto market buying and selling, in my country there is none. I think in some countries it never hurts to buy bitcoin as long as the exchanger is official.
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Nobody is afraid of banks going into crypto? I mean looking at the financial world right now, banks are the reason why we are not doing that well right now. They are using everyone's money to make more money, that is literally stealing. I do not have 100% control over what my money is doing right now for example, it is at a bank which is putting it on some stocks and making profits whereas I am said that I can withdraw whenever I want.
Well, that is not reality is it? If all the money was withdraw, how could they pay us all? They would have to at least sell all their investments which would crash the economy. We already gave banks too much power with fiat, I really hope the same won't happen with crypto, if we let them do whatever they want, they will ruin crypto market as well.
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Banks are going to play an important role In the beginning, they will help to reach mass adoption, once a lot of people are well aware of cryptos and how they can use themselves without having to pay a third party like banks then banks should disappear or be there for other uses if needed.
Well, that is not reality is it? If all the money was withdraw, how could they pay us all? They would have to at least sell all their investments which would crash the economy. We already gave banks too much power with fiat, I really hope the same won't happen with crypto, if we let them do whatever they want, they will ruin crypto market as well.
[/quote
Banks are going to play an important role In the beginning, they will help to reach mass adoption, once a lot of people are well aware of cryptos and how they can use themselves without having to pay a third party like banks then banks should disappear or be there for other uses if needed.
snip..
The Domino Effect will occur.. where when a country innovates and then succeeds, other countries will follow in the footsteps of that country. IMO.. China, Japan, South Korea, Singapore, and Russia will most likely follow Germany in the future before other countries in the worldthis new innovated system. There's no doubt that some countries are also looking forward and only waiting for some big news about the success
of others that already adopting the system.
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