Topic: When will banks start a war against bitcoin - page 14. (Read 16234 times)
if bitcoin is accepted internationally. the bank will collapse. That is a natural thing, so the bank must stand against bitcoin. However, the advantage lies in bitcoin. It's hard to talk about results
Top banks suspend accounts of major Bitcoin exchanges in India 
MUMBAI: Top lenders including State Bank of India, Axis BankBSE 1.12 %, HDFC BankBSE 1.00 %, ICICI Bank and Yes Bank have suspended some accounts of major Bitcoin exchanges in India, suspecting dubious transactions, three people aware of the development said.
The banks have also sought additional collateral from the promoters of these exchanges on their borrowings and have capped cash withdrawals from the few accounts that are still operational.
The banks are scrutinising current accounts held by top Bitcoin exchanges, a second person said. Action has been initiated against the top 10 Bitcoin exchanges including Zebpay, Unocoin, CoinSecure and BtcxIndia, said four people aware of the matter.
https://economictimes.indiatimes.com
MUMBAI: Top lenders including State Bank of India, Axis BankBSE 1.12 %, HDFC BankBSE 1.00 %, ICICI Bank and Yes Bank have suspended some accounts of major Bitcoin exchanges in India, suspecting dubious transactions, three people aware of the development said.
The banks have also sought additional collateral from the promoters of these exchanges on their borrowings and have capped cash withdrawals from the few accounts that are still operational.
The banks are scrutinising current accounts held by top Bitcoin exchanges, a second person said. Action has been initiated against the top 10 Bitcoin exchanges including Zebpay, Unocoin, CoinSecure and BtcxIndia, said four people aware of the matter.
https://economictimes.indiatimes.com
The war on cryptocurrencies had just begun. In early febraury 2017 theres already bitcoin war. Because bitcoin became popular and it attracts many fresh bitcoin investors. Bitcoin became a threath. Banks can not stop bitcoin and they have a big fear on it.
which will be fighting with bitcoin is a bank, because banks have long not received bitcoin in its introduction in crypto currency. you see the person who is associated with the bank associated with the crypto currency then all will be negative for them. there will even be a bank that will receive bitcoin in crypto currency then the bank will accept the inevitability of its existence. this case makes the bank banks look for profits also from the crypto currency in the currency exchange.
At the moment, it seems that on the horizon the banking system can see two courses. Banks can begin to work within the framework of a new, constantly developing direction of digital money. In this case, for starters, they need recognition of the fact of changing financial technologies and the adoption of this concept. Or the banks can continue to function under the old system. Ultimately, we are more likely to see how different banks choose different paths of development, depending on their attitude to such destructive technologies as bitcoin.But it must be taken into account that bank innovations in the sphere of financial services as a result of the influence of bitcoins will occur, most likely, after some time. The processes of changes in the banking industry are extremely slow and balanced. All this is connected with the risks in relation to the possible profit. Financial institutions do not have the ability to fail quickly, which is very typical in the case of entrepreneurial or start-up activities. This is the stage that startups would prefer to start bitcoins in order to develop products and services, but this is not entirely realistic.
2018 will be the year of the struggle of the banking system with the crypto system. The Australian, Indian, American, etc.
banks began to become aware of the threat of crypto-currencies. The governments of the G20, in May, are going to negotiate measures to counter crypto-economics.
banks began to become aware of the threat of crypto-currencies. The governments of the G20, in May, are going to negotiate measures to counter crypto-economics.
The war is already started, Putin declared and so did the banks, Mastercard is already doing something with the blockchain and if they succeed it can hurt bitcoin in the end.
Seems to have started, early this year many bank owners who provide criticism and negative predictions about bitcoin, with the power of their money publish to various economic news.
with the way bitcoin is trending, financial world will gradually key into it. the economy of some countries are gradually leveraging in this
I dont think that Banks and Cryptocurrency will start a war furthermore i think it will best fit if the two merge, collaborate and expand together because it will bring more opportunity for all.
I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?
Bank will not do such accusation against Bitcoin,but government will or people who's business is affected by Bitcoin. In my opinion it is very remote that bank will try to undermine the existence of Bitcoin.I don't see bitcoin interferring with the business of bank but instead i see bank finding ways how Bitcoin can be beneficial to them.
I read an article written way back in 2016 how bank can save billions of dollars by adopting this "blockchain technology"used by Bitcoin,which can revolutionize the banking system.By utilizing "blockchain technology" it improves efficiency,facilitate faster transactions,limiting cost and diminished human error.
Some big banks has already shown interest and further studies are already underway for the prospect of using this technology.
I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?
I think if they do that thing it can start a war against the bitcoin users and the banks but I think it will not happen but rather the banks can be innovated and make a thing in their system that may use bitcoin so that they can be inclined to the reality. There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?
Blockchain technology (and hence cryptocurrencies) is a big revolution, a reality and is here to stay.
Banks and countries (ie politicians) woke up to this and they want to make profits too ( a slice of the pie). Hence they will probably create their own cryptos (as we have already heard from a few).
Therefore alts will also exist, and also cryptos that offer anonymity too.
Banks and countries (ie politicians) woke up to this and they want to make profits too ( a slice of the pie). Hence they will probably create their own cryptos (as we have already heard from a few).
Therefore alts will also exist, and also cryptos that offer anonymity too.
Banks are worry but they are helpless as Bitcoin is and will never get help from banking system as Bitcoin is decentralized network but some ugly and jealous people are trying to make it doubtful.
When there will be no one trusts them anymore. When no one deposits money to them. But, will that really happen? I think banks will just adopt the blockchain technology to give the service that people find crypto interesting. Still that is so hard since banks are controlled by the government. I see war on government against Bitcoin rather than banks.
When bitcoin grows, it affects the interests of the bank. The number of users who use Bitcoin pay rather than using the services of the bank. Banks started to fight the bitcoins, preventing the development of bitcoin.
This can happen in the future, but let’s face it: banks are controlled by the governments and if governments make up their minds to go against Bitcoin then a war can be expected.
It will really happen that banks will complain because of the loss of their investors. It definitely has a huge impact on the bank and it is certain that the government will take action to prevent it. Hopefully if this happens then it will be fair and the government will not stop the use of bitcoins. Hopefully they will do something that can be solved here and hopefully accept them by banks. To become a partner of bitcoins the banks and we continuously in progress.
I think they are preparing a strategy to destroy bitcoin, their early stages forbidding bitcoin in their respective countries, and then we'll see what happens.
But I think banks should not go for a war against bitcoin or any other CryptoCurrency but they should adopt it as a way of making financial transactions in the financial arena. Otherwise, they will find a similar fate as the traditional telecommunication operators who lost their way by seeing the Over-The-Top (OTT) players such as Viber, Whatsapp, etc. as their enemies without looking at the positive side of adopting and providing their own OTT solutions.
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