Well I guess they will be in the game. They have good power with large amounts of money so they can control prices.
Everybody know that money goes towards rich ones because of large sums and investiments in many projects. They can accept losses while you have to take higher risks with only 1 or few projects with small reward.
Topic: How do banks feel about crypto - page 2. (Read 980 times)
More and more banks will get into crypto, I assure you. They are slowly discovering it as a great investment opportunity with high returns.
unfortunately many people above are saying bullshit and barely know something about cryptocurrency and banks. there were so many banks that investing and do trading to grow their capital through cryptocurrency.
if anyone say bank don't like bitcoin, it's maybe, but for profit they don't give a shit as long if the thing could generate them profit by holding.
if anyone say bank don't like bitcoin, it's maybe, but for profit they don't give a shit as long if the thing could generate them profit by holding.
Im sure if they can make a profit on it the banks like crypto currencies because thats what they care about, the money
I think governments and banks are not silent they are finding a solution for all these investments. The main of governments and banks are how can we these transactions be controlled by banks and how can we deduct the taxes from the people.
They are not blind and same as you said they are not silent and do already find the ways on how to stop these adoption my by cryptos on which their services is really mainly being affected because people do already engage on cryptocurrencies.They do see bitcoin as an enemy for sure this is why they dont really tend to accept bitcoin because it is a decentralized thing. 
I think governments and banks are not silent they are finding a solution for all these investments. The main of governments and banks are how can we these transactions be controlled by banks and how can we deduct the taxes from the people.
Yeah it is clear all money that is going into crypto is going out of their control. Over 120 billion usd... Just to send once that kind of amount you can guess how much money banks and governments lose because of their high fees and taxes. But there also comes inability to overview, freeze or take away any money. I don't know how banks will adopt around crypto but they will have to somehow. And if banks want to step in the game creating their own it will be fully centralized, controlled by them and it will be worse than example usd because then each bank will have full control over their currency.
The only worry is that they will implement strict rules, block exchanges try to force taxes into it and similar. They will find a way you can be sure.
The only worry is that they will implement strict rules, block exchanges try to force taxes into it and similar. They will find a way you can be sure.
It depends.
They do like them in sense of security (the blockchain technology), which they are already adopting in some ways.
But they absolutely dislike them because they fear the influence of crypto growing.
They do like them in sense of security (the blockchain technology), which they are already adopting in some ways.
But they absolutely dislike them because they fear the influence of crypto growing.
Yes, you are right, some banks like them because they are trying to use them and think it will be great help to their business. but some traditional banks dislike them because they do not want to make changes.
I think the bank must be very worried about the existence of bitcoin, because if people prefer to invest the money in bitcoin in the appeal in the tube dibank, then the bank can also go bankrupt. but I think in a small country, the bank has not really thought about it, because not many people in small countries use bitcoin
It depends.
They do like them in sense of security (the blockchain technology), which they are already adopting in some ways.
But they absolutely dislike them because they fear the influence of crypto growing.
They do like them in sense of security (the blockchain technology), which they are already adopting in some ways.
But they absolutely dislike them because they fear the influence of crypto growing.
Yes, you are right, some banks like them because they are trying to use them and think it will be great help to their business. but some traditional banks dislike them because they do not want to make changes.
I think there is also true with this statement, as reported by KompasTekno from The Next Web, Thursday (09/14/2017), exchange rate bitcoin again declined due to comments JP Morgan CEO, Jamie Dimon, earlier this week.
Jamie Dimon, then said that bitcoin is a mess that will soon explode. He even joked that his daughter had bought some bitcoins, and was genius because the digital shrimp exchange rate rose by up to 300 percent this year.
"This (bitcoin) is not a real thing, it will one day die. I do not recommend to immediately collect bitcoin and sell 100,000 US dollars bitcoin before the value down, "he explained when speaking in the event Delivering Alpha Conference.
Jamie Dimon, then said that bitcoin is a mess that will soon explode. He even joked that his daughter had bought some bitcoins, and was genius because the digital shrimp exchange rate rose by up to 300 percent this year.
"This (bitcoin) is not a real thing, it will one day die. I do not recommend to immediately collect bitcoin and sell 100,000 US dollars bitcoin before the value down, "he explained when speaking in the event Delivering Alpha Conference.
Eventhough that they are adopting blockchain technology in their own system, cryptos is a huge threat for banks and forex.
It starts to absorbe more and more money, that people can invest in banks or trade on forex
It starts to absorbe more and more money, that people can invest in banks or trade on forex
It depends.
They do like them in sense of security (the blockchain technology), which they are already adopting in some ways.
But they absolutely dislike them because they fear the influence of crypto growing.
They do like them in sense of security (the blockchain technology), which they are already adopting in some ways.
But they absolutely dislike them because they fear the influence of crypto growing.
It very obvious banks and government don't like cryptocurrency, nevertheless they will have to be creative and find a way to join the train, . They will surely find a way to tame it, generate taxes and other bullshit from it, because there survival depend on it
What do you guys expect for crypto future? It is clear that crypto is growing and won't stop any time soon as it gets more recognised and user friendly. Governments and banks want to have control over the money as they can control prices, taxes, activity, take advantages and a lot more. Here comes the crypto with baby steps starts to real recognition as it has grown quite big in the recent time.
Now you have China blocking ICO and jumping on bitcoin exchanges, CEO of JPMorgan making comments, here is US with IRS and they also feel left out. It is clear that they are losing side as they are being left out of taxes, feed and control. There was many statements that crypto technology should be government crontrolled (actually centralized) because of "scam".
Ok in one hand there is bunch of ICO scam coins without any technology or idea but just making owners rich. It is true that some investors lose to make others rich but then again that is natural in any trading. But let's be serious no government or businessman give a shit about who is getting scammed because they look for themselves. So looking on it It is clear that banks, giants and some governments are worried about it.
Its a definite word that banks don't want crypto but i am also thinking for that because in the future crypto will be almost use by many people so the taxes and the control of tge government in fiat money would be also lessen. I am thinking that they are aware on this and they will make a move to get advantage with the bitcoin or crypto users. Now you have China blocking ICO and jumping on bitcoin exchanges, CEO of JPMorgan making comments, here is US with IRS and they also feel left out. It is clear that they are losing side as they are being left out of taxes, feed and control. There was many statements that crypto technology should be government crontrolled (actually centralized) because of "scam".
Ok in one hand there is bunch of ICO scam coins without any technology or idea but just making owners rich. It is true that some investors lose to make others rich but then again that is natural in any trading. But let's be serious no government or businessman give a shit about who is getting scammed because they look for themselves. So looking on it It is clear that banks, giants and some governments are worried about it.
they will adapt to this system in the future. they are scaring from money laundering.
I think banks are scared of what crypto currencies can do, because they think that people are passing money from person to person thats why people will not use banks instead they pass or store their moneys to their wallets. And thats quite difficult to banks that people trusting their service were lessen and decrease.
Obviously they are scared of crypto. And since governments are highly involved inthe banking system, they try to stop/regulate cryptos
What do you guys expect for crypto future? It is clear that crypto is growing and won't stop any time soon as it gets more recognised and user friendly. Governments and banks want to have control over the money as they can control prices, taxes, activity, take advantages and a lot more. Here comes the crypto with baby steps starts to real recognition as it has grown quite big in the recent time.
Now you have China blocking ICO and jumping on bitcoin exchanges, CEO of JPMorgan making comments, here is US with IRS and they also feel left out. It is clear that they are losing side as they are being left out of taxes, feed and control. There was many statements that crypto technology should be government crontrolled (actually centralized) because of "scam".
Ok in one hand there is bunch of ICO scam coins without any technology or idea but just making owners rich. It is true that some investors lose to make others rich but then again that is natural in any trading. But let's be serious no government or businessman give a shit about who is getting scammed because they look for themselves. So looking on it It is clear that banks, giants and some governments are worried about it.
Just on commonsense.Bank and government wouldnt really like Bitcoin for sure they dont like a decentralized thing which this thing would really acts up as an enemy when it comes into finances and on handling transactions.If people would able to find out bitcoins existence and into its usage for sure people will jump out and used the new way payment system. Now you have China blocking ICO and jumping on bitcoin exchanges, CEO of JPMorgan making comments, here is US with IRS and they also feel left out. It is clear that they are losing side as they are being left out of taxes, feed and control. There was many statements that crypto technology should be government crontrolled (actually centralized) because of "scam".
Ok in one hand there is bunch of ICO scam coins without any technology or idea but just making owners rich. It is true that some investors lose to make others rich but then again that is natural in any trading. But let's be serious no government or businessman give a shit about who is getting scammed because they look for themselves. So looking on it It is clear that banks, giants and some governments are worried about it.
What do you guys expect for crypto future? It is clear that crypto is growing and won't stop any time soon as it gets more recognised and user friendly. Governments and banks want to have control over the money as they can control prices, taxes, activity, take advantages and a lot more. Here comes the crypto with baby steps starts to real recognition as it has grown quite big in the recent time.
Now you have China blocking ICO and jumping on bitcoin exchanges, CEO of JPMorgan making comments, here is US with IRS and they also feel left out. It is clear that they are losing side as they are being left out of taxes, feed and control. There was many statements that crypto technology should be government crontrolled (actually centralized) because of "scam".
Ok in one hand there is bunch of ICO scam coins without any technology or idea but just making owners rich. It is true that some investors lose to make others rich but then again that is natural in any trading. But let's be serious no government or businessman give a shit about who is getting scammed because they look for themselves. So looking on it It is clear that banks, giants and some governments are worried about it.
Now you have China blocking ICO and jumping on bitcoin exchanges, CEO of JPMorgan making comments, here is US with IRS and they also feel left out. It is clear that they are losing side as they are being left out of taxes, feed and control. There was many statements that crypto technology should be government crontrolled (actually centralized) because of "scam".
Ok in one hand there is bunch of ICO scam coins without any technology or idea but just making owners rich. It is true that some investors lose to make others rich but then again that is natural in any trading. But let's be serious no government or businessman give a shit about who is getting scammed because they look for themselves. So looking on it It is clear that banks, giants and some governments are worried about it.
How does oil companies feel about tesla? I would say the same way. They're scared.
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