Topic: Do Banks fear cryptocurrency - page 40. (Read 17113 times)
Yes banks are afraid of cryptocurrency taken over their business. If anyone become his own bank by performing his or her own transanction, banks will go out of existence or become obsolete.
There are two possible reasons for these kinds of warnings provided by central banks. Either you should keep away from cryptocurrency because it might disrupt the value and flow of their own country's currency, or it's a sure way of taking measures so they won't have too much competition with investments into crypto.
Yes, since the Bitcoin has no tax involve and I think since the bitcoin price is volatile that banks will have a problem in keep up.And correct as the above comment says, as of now they can't regulate it.
Bitcoin has no tax now in some countries, but it will have tax in the future. If you make income from it, you HAVE TO pay tax not to be charged by your government. I think banks are fearing bitcoin.
For central banks, cryptocurrency is an issue. They control monetary in the country, but with cryptocurrencies, they can't really control anything.
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
everything must have a positive and negative impact. probably the managers of the Quarrying State Bank with bitcoin whose price is stable and the exchange rate is high.They called on people not to get involved. Should we be afraid or the banks are!
precisely if the Bank managers can find solutions this way will bring a positive impact for both countries or communities such as those in Korea and Japan
Yes Banks fear crypto currency because the banks are looking for those things which are profitable and secure like bitcoin is the crypto currency and connected with internet so it is very volatile and risky because the prices are not stable so they fear to deal in this currency. Bitcoin is good for individual who have their own income and they invest in that amount for making profit.
I think all commercial banks in the whole world are threaten in the presence of bitcoin in the electronic banking industry.
Many people who supports their services with matching a huge demand. Through this there is no doubt that they can replace banks in future.
Many people who supports their services with matching a huge demand. Through this there is no doubt that they can replace banks in future.
Banks are completely scared of missing the boat. They will try and join the blockchain tech revolution and control it, no doubt. And we can't let them take charge else it'll lose all its purpose.
I think most of the banks do fear of cryptocurrencies,because the blockchain solution would make banks get smaller and smaller space for their living.
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
They called on people not to get involved. Should we be afraid or the banks are!
banks Should be afraid it is easy to safe your money using hardware or software bitcoin wallet more than go to bank and pay many taxes.
also when using bitcoin your money will increasing
Banks are probably not afraid of crypto currency, but are afraid of it. These are completely different things. They are afraid of its great volatility and unpredictability of behavior, insecurity and the incomprehensible nature of the emergence of value. In addition, in a sharp increase in the cost of bitcoin, they clearly see its nature as a financial bubble. I would not say that these fears are not groundless.
I think yes banks fear crypto currency because if crypto currencies get any legalization then people will shift from fate currencies to digital currency. Then this will risk the bank system
I bet they do, thats why they are now manipulating xrp to encourage user to purchase it by btc.
I think yes because Im sure there are some instance where a depositor withdraws his savings and invest in cryptocurrency like bitcoins this will cause some banks to collapse if majority of bank investors withdraws their money.
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
They called on people not to get involved. Should we be afraid or the banks are!
The banks are afraid because people will no longer keep the money inside Banks but rather in Crypto, and money will lose value. Therefor banks will lose a lot of customers, of course they are afraid and concerned.
why do you think banks are afraid of cryptos? banks are adopting ripple blockchain technology. if they are afraid of cryptos, why do they team up with the second biggest crypto in the world? answer this question
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
Not only the central bank of albania very recently i heard bangladesh bank declared to illegal in crypto currency it's very sad news. Bitcoin and alt coin totally illegal in bangladesh. They called on people not to get involved. Should we be afraid or the banks are!
I think other banks do fear of cryptocurrencies and some are not. Because other banks have transact and process involved in cryptocurrencies. And I think in the near future he other banks who have fear about it will not be fear anymore.
hi and welcome to bitcoin 
Bankers are afraid of Bitcoin’s impact as it will lead to ripples across the financial sector, it will create new winners and losers, and it will likely decentralize banking services and create micro markets to an extent not seen since the advances of the barter economy and the market economy combined.
thankyou
Banks are afraid of loosing their funds and decrease in the profit of their bank, other than that I can't think any harm that bitcoin can cause to banks. Bitcoin is just peacefully helping people to store their money safely and decentralize which means the value of currency is not in the hands of few people. All these factors and much more attracts them towards Bitcoin thereby reducing the profits of Banks.
Yes, since the Bitcoin has no tax involve and I think since the bitcoin price is volatile that banks will have a problem in keep up.And correct as the above comment says, as of now they can't regulate it.
Bitcoin has no tax now in some countries, but it will have tax in the future. If you make income from it, you HAVE TO pay tax not to be charged by your government. I think banks are fearing bitcoin.
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