Now we’re finally on an even playing field, banks used to hate Bitcoin, but now they seem to be adopting it. In reality, banks stand to lose a lot if they don’t adapt to Bitcoin because their income relies heavily on fees and loans. Accepting Bitcoin could actually benefit them, as it means more clients and opportunities.
There are people who make huge deposits in Bitcoin and fiat, which banks can then use for lending. As long as the government establishes clear rules on how to handle Bitcoin transactions, banks won’t have much of a choice but to jump on board.
Topic: The trump effects on banks to adopt crypto has started working (Read 33 times)
This major policy is good as it it reshape the perception about crypto currency especially when it comes to acceptance level among the U.S population
I have some hopes that this policy and some others that will come in the U.S . will change the perception over (at least) bitcoin also in the rest of the world.
Maybe, just maybe the EU politicians will start getting their noses out of their cave after seeing what happens in the U.S.
With Donald trump being sworn in as the president of the United States of America a lot of Major policies is going to be affected especially as it concerns crypto currency one thing that has been a thug of war in America about it acceptance or not but with Trump making promises and already the Trump's effects has started working as the U.S security and exchange commission has revoked a law that bars wall Street banks from adoption of crypto
This major policy is good as it it reshape the perception about crypto currency especially when it comes to acceptance level among the U.S population
Here's the link of the story
https://www.cnbc.com/2025/01/24/sec-revokes-unpopular-banking-rule-that-blocked-wall-street-banks-from-adopting-crypto.html
This major policy is good as it it reshape the perception about crypto currency especially when it comes to acceptance level among the U.S population
Here's the link of the story
https://www.cnbc.com/2025/01/24/sec-revokes-unpopular-banking-rule-that-blocked-wall-street-banks-from-adopting-crypto.html
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