Lots of banks seem to be making the move into cryptocurrency. Does this mean it will become a new type of fiat or at least a centralised controlled political coin?
I don't know about other cryptos but for bitcoin, I don't think they'll be able to control it completely unless they stage a takeover attack on the miner side. They could slap it with regulations to make use of it harder but that can only go so far.
I think what they are trying to do now is buy "stakes" into bitcoins and other cryptos by hoarding coins, just like how they horde fiat. As for "projects" I think they are just trying to learn from the blockchain technology and apply it to their business.
