Topic: Why Banks are attacking Bitcoin ? (Read 9124 times)
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Honestly, it is not clear why banks need this, because they could still kill all Bitcoin activity in the beast, of course, Bitcoin is very weak now, and the news is bad, especially from China and India, I think everything should be fine, but it takes a lot of time.
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Loosing control for sure. At the moment they have it 💯. BTC changes how the game is played
Banks are used to controlling and passing all financial flows through themselves and most importantly, that all banks are inherently linked to the state bank. The state bank of the country will always issue such regulatory rules, under which only banks should remain in a greater profit.
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There are a lot of reasons for the bank's bitcoin attacks. The banks are not happy because their customers are not getting enough money
not because of that, because banks will always get money from their customers, but if a country has begun to legalize bitcoin, the bank is no longer needed with the reason that bitcoin transactions do not require banks. 
Bitcoin technology, unlike banks, is decentralized, anonymous and uses a minimum transaction fee. Any person, regardless of status and financial position, can send money in any quantity to any part of the planet.
People can easily any amount of money transfer in all countries just a few second and so low fees spend even there are no penny tax received government. Normally, if it's transaction is completed by banks than governments received more tax.This is one reason government and bank attacking Bitcoin i think.
because the banks do not allow the crypto to enter the currency because they lose their position in this aspect. so they are the ones who do not agree with the crypto so many countries are hesitant to accept the cryptocurrency.
If every country gives permission to bitcoin, the customer will run to bitcoin and the bank is only a place to exchange fiat which has only a small administrative fee. This is a threat in banking and without taxes.
It is true that they are afraid of the development of bitcoin. Bitcoin is used widely nowadays, with its advantages, people will no longer use bank
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I'm sure banks are now trying to play catch up as well - it's pretty clear now that people are finding many banking fees just completely unreasonable.
The tipping point will probably come once banks figure out how to significantly profit without relying on the fees. Only then will they relent to the processing superiority of blockchain tech for banking.
because if bitcoin has been used anywhere, the bank will no longer be needed, and the future will continue to run and bitcoin is increasingly popular, because bitcoin does not involve a third person to transact like a bank. The tipping point will probably come once banks figure out how to significantly profit without relying on the fees. Only then will they relent to the processing superiority of blockchain tech for banking.
Banks are removing so direct competitors.
The reason why banks attacking bitcoin is because they're losing profits. Since bitcoin were use in transactions instead of banks. Bitcoin are become a competitor for banks. And bitcoin become the alternative way in any transaction which supposedly the banks will work for that.
The most popular question, since many do not understand why banks are hindering bitcoin.
The fact that Bitcoin is not printed and does not need a third party is something that the Bank does not like. So, it is easy to guess why the Bank attacked Bitcoin.
Banks are forces that print currencies that have embedded interests, they have and will always do everything to prevent alternatives that can damage existing power structures.
Banks are forces that print currencies that have embedded interests, they have and will always do everything to prevent alternatives that can damage existing power structures.
Because banks are selfish. They are not favoring what can help the economy and they only think is about on how they make much more money from much more people to expand their business. The bank industry should respect what bitcoin can do and not as a threat.
Banks are afraid of it because it will dominate the financial economy for sure. They can clearly see the future where they will even beg for people who has money to sign up to them because the world has shifted to the convenience of having a personal bank with bitcoin.
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