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Topic: When will banks start a war against bitcoin - page 6. (Read 16230 times)

newbie
Activity: 26
Merit: 0
I truly believe that it's not going to begin any war amongst bitcoin and banks , I feel that they wil need to adjust and acknowledge bitcoin . yet, everything is conceivable so on the off chance that it will be any war it will happen , perhaps , when bitcoin will turn out to be more known than it is presently . what's more, individuals will make installments with it.
newbie
Activity: 28
Merit: 0
I think they have just begun. What's more, the inquiry in which everybody is intrigued is the reason. There are a few reasons why banks are against Bitcoin. As a matter of first importance, banks are accustomed to controling and letting all financials move through themselves. All banks are additionally characteristically connected to the state bank. The state bank of the nation will dependably endeavor to make banks more gainful. Bitcoin is decentralized, mysterious and utilizes the base exchange charge. Banks are not keen on it, this isn't gainful for them. The war against bitcoins is pursued by banks, as well as by the legislature, as government and banks cooperate.
sr. member
Activity: 432
Merit: 250
Well it already starts, not a war but a refuse to accept Bitcoin. There is a scenario in my country that a bank account is order to be close because of Bitcoin transaction in the account. When the user ask the manager why they its because of that reason and there is nothing they can do about it.
I think they do not have any such strategy but in fact they are not accepting bitcoin because of the government policy, i think that once government will make bitcoin a legal currency then they will also start accepting bitcoin and will even start depositing bitcoin in banks, but i think it will take a lot of time and is not possible so early.
No, why do the goverment have to use Bitcoin like the national currency and accept it? They can use the Bitcoin technology to build their coin and those who do not understand the truth of the Bitcoin technology will let that new currency affect to give up Bitcoin. This is the strategy of the government in the next time, let's see what they will do.
member
Activity: 176
Merit: 10
Well it already starts, not a war but a refuse to accept Bitcoin. There is a scenario in my country that a bank account is order to be close because of Bitcoin transaction in the account. When the user ask the manager why they its because of that reason and there is nothing they can do about it.
I think they do not have any such strategy but in fact they are not accepting bitcoin because of the government policy, i think that once government will make bitcoin a legal currency then they will also start accepting bitcoin and will even start depositing bitcoin in banks, but i think it will take a lot of time and is not possible so early.
legendary
Activity: 910
Merit: 1001
Revolutionizing Brokerage of Personal Data
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 the harsh campaign against it.
Do you think it will happen and when?
No! I do not want this to happen! Why should we continue to think negative thoughts? Try to think positively. We better hope that the best for Bitcoin, I hope the bank can accept Bitcoin and eventually everything will be reconciled. We never know the future will be like what.
Like you said, we can not know exact situation will happen in the future. You must to  have some negative thoughts about the future of Bitcoin if you want to investing in this currency. Investment is risky and you always have that risk to lose money by which situation you never want it happens Grin.
sr. member
Activity: 630
Merit: 258
there is already a rivalry that happens between the bank and the bitcoin because the banks are threaten in the progress of bitcoin shown in the market; through this they can be replaced by bitcoin in this business.
member
Activity: 238
Merit: 10
Since right now it is possible to consider the trend, the choice falls on a more sophisticated payment system and is free from other people's eyes. Crypto wallets and stock exchanges provide this opportunity and many are moving to them. Therefore, banks are beginning to strain on this and resent.
newbie
Activity: 168
Merit: 0
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 the harsh campaign against it.
Do you think it will happen and when?
No! I do not want this to happen! Why should we continue to think negative thoughts? Try to think positively. We better hope that the best for Bitcoin, I hope the bank can accept Bitcoin and eventually everything will be reconciled. We never know the future will be like what.
hero member
Activity: 840
Merit: 516
The war has already begun in our country. Here, if the banks traced that your money came from bitcoin transaction, they will freeze your account and you will never get your money back. It's really sad to have situations like that specially in our county where there's a lot of bitcoin users.

Whoah is thay even legal? It's your money not the bank's so they basically have no right to do that. They can close your account but you should still be able to withdraw all your money. Banks would get in trouble if they do that and would likely lose customers.
I have no doubt that banks have already started their war against the bitcoin by investing in print and electronic media about the negativities of the crypto currency.

Also if the banks have started doing the seizures, then you can just shift yourself to the Payoneer account and try to get the money on that account and from there you can shift your money to the desired bank. By doing this you can hide the part where bank can know about the bitcoin or any other currency.
full member
Activity: 280
Merit: 100
February 28, 2018, 02:39:44 PM
Well it already starts, not a war but a refuse to accept Bitcoin. There is a scenario in my country that a bank account is order to be close because of Bitcoin transaction in the account. When the user ask the manager why they its because of that reason and there is nothing they can do about it.
jr. member
Activity: 350
Merit: 1
February 28, 2018, 02:19:30 PM
I believe that the banks already are starting to wage a war against cryptocurrencies.

In my county (Norway), all banks refuse companies that have any affiliation with cryptocurrencies as customers.

This prohibits innovative companies to make use of the blockchain through crypto and is slowing down progress unfortunately.
full member
Activity: 807
Merit: 150
February 28, 2018, 02:10:57 PM
I also think about that, maybe someday bank will war against bitcoin because bitcoin is threat for bank, in my country bitcoin is banned as payment method, goverment always remind for people to be careful about bitcoin, also our national bank is not support bitcoin, but about february 02 2018, article in my country say "Our national bank learn about blockchain to create crypto". maybe bank hate bitcoin but he support the blockchain. So no war against bitcoin, i think
full member
Activity: 602
Merit: 102
February 28, 2018, 01:50:35 PM
It has always been said that banks will at one point war against bitcoin. But it seems such war has not happened yet and really do not see it happening anytime soon. I believe there won't be a war, because the banks might adopt the system.
full member
Activity: 602
Merit: 100
February 28, 2018, 01:44:06 PM
What can banks do with bitcoin and other digital currencies? Absolutely nothing. Digital technologies were created and designed to change the banking system.
jr. member
Activity: 113
Merit: 1
February 28, 2018, 01:38:55 PM
I think banks have already started a war about bitcoin .theres all sorts of statements out there about it !mostly false .you can tell there are scared .theres a type of currency that they cant regulate or make money from it if I was them I would be scared .change is coming and they know it !
newbie
Activity: 154
Merit: 0
February 28, 2018, 01:31:11 PM
Banks can't do shit because they have no power and only government can help them in this case. Unfortunalty for banks many governmenst  wanna accept cryptocurrencies.
sr. member
Activity: 490
Merit: 255
February 28, 2018, 01:11:49 PM
Many don't realize but they have already started a war with Bitcoin. They are already running negative and FUD campaigns against Bitcoin.
full member
Activity: 420
Merit: 100
February 28, 2018, 01:07:04 PM
Maybe if many people are choosing to use bitcoin than traditional money.
Its not impossible that incident may happen because besides of higher value of bitcoin than to our traditional money, as years pass by traditional money always suffers in inflation. The value of our traditional money becomes lower every year.
hero member
Activity: 812
Merit: 501
February 28, 2018, 09:35:17 AM
Some countries are already against bitcoin and I guess banks also don't like bitcoin. It is for their good to make peace with bitcoin because bitcoin is the future
full member
Activity: 287
Merit: 100
February 28, 2018, 09:27:00 AM
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?

already happened,
for some countries began taking steps to restrict the general public from selling / purchasing with cryptocurrency
reasons unintelligible by the central bank (government).
I can not see the best way for central banks to shape their importance for security and regulatory control on blockchain systems
as well as on cryptocurrency to ensure safety and security protect consumers from engaging in money laundering activities.

malaysia among those countries which  initially authorize to luno (bitx) to carry out their operations,
for transactions between MYR = BTC / ETH
but after the central bank of malaysia found out that uncontrolled public involvement in ICO investments
then the government began to freeze Luno (Bitx) with the reason for the security of the
"Anti Money Money Laundering and Counter Financing Terrorism (AML-CFT) Digital Money - sector 6"
and so far, luno (Bitx) is still waiting for decision process and truth from BNM,
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