The big banks influence | Bitcointalksearch.org

palle11

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Quote from: Godlovesyou on March 04, 2023, 12:22:04 PM

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Some countries where is a ban on crypto the banks and government work hand in hand to block any account related to cryptosystem transactions.

Government sees cryptocurrency as a challenge to their banks and they try much to frustrate the adoption because they fear that crypto may take over the bank as they run investment with customer's fund and such third party investment through the government is not possible with cryptocurrency as such no direct benefit to the government like interest unlike the bank charges and other bank and account services. The only way that government can generate income through cryptocurrency is tax levy and surely it will not be hundred percent because some people will evade it.

WillyAp

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Looking for guilt best look first into a mirror

What I find hilarious is that many banks don't shy away from profits in crypto but won't allow their customers to buy cryptos over their creditcard.
What is needed are more Banks like bankera. A middleway between bank and crypto.

Quote from: asawale on March 05, 2023, 10:30:41 AM

And these government all over the world will keep using all their mights to fight cryptocurrency because it brings decentralization to the world of finance.

Most crypto are all but decentraliced. How many really?

asawale

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Quote from: drwhobox on March 04, 2023, 01:38:13 PM

Quote from: Godlovesyou on March 04, 2023, 12:22:04 PM

Some countries where is a ban on crypto the banks and government work hand in hand to block any account related to cryptosystem transactions.

These countries are relatively better conditions with bitcoin transactions compared to other countries if you are from one of these countries you can avoid banks for large withdrawals of amounts. By avoiding linking your bank to cryptocurrency you can prevent that for sure.

But think about people from these countries where involvement with bitcoin/cryptocurrency can throw you into jail. Grin

Whether in a country indirectly supporting cryptocurrency investments or the ones not, Banks as financial institutions are just tools in the hands of the government to control individuals financial activities. And these government all over the world will keep using all their mights to fight cryptocurrency because it brings decentralization to the world of finance.

drwhobox

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- hello doctor who box

Quote from: Godlovesyou on March 04, 2023, 12:22:04 PM

Some countries where is a ban on crypto the banks and government work hand in hand to block any account related to cryptosystem transactions.

These countries are relatively better conditions with bitcoin transactions compared to other countries if you are from one of these countries you can avoid banks for large withdrawals of amounts. By avoiding linking your bank to cryptocurrency you can prevent that for sure.

But think about people from these countries where involvement with bitcoin/cryptocurrency can throw you into jail. Grin

Godlovesyou

jr. member

Activity: 104

Merit: 9

Banking institutions creams the monetary markets of organization and industries. Banks stands as regulatory financial board of businesses and they manage big industries financial strength, when a banks reduces in size of savings they go bank overdrafts and some liquidate over time.

That's why banks does not fully support the transfer or withdraw of huge capital to Cryptosystem investment because it will affects them and the systems. The big banks always strives to influence customers income.
Some countries where is a ban on crypto the banks and government work hand in hand to block any account related to cryptosystem transactions.

Topic: The big banks influence (Read 77 times)