Do you think that banks would become lenient towards cryptocurrencies?

[Good-Person]

Banks are quite strict when it comes to cryptocurrency usage. They do not favour cryptocurrencies at all and this is something quite noticeable. So, will they adopt cryptocurrencies in the future and become lenient towards cryptocurrencies?

 

[Riberet19]

Well, really there are some banks that are more friendly but usually still not very friendly in terms of cryptocurrencies in general.

 

[Nomad]

I think banks will continue to have rivalry with crypto as banks deal with fiat currencies.

 

[Bisolami]

Banks are quite strict when it comes to cryptocurrency usage. They do not favour cryptocurrencies at all and this is something quite noticeable. So, will they adopt cryptocurrencies in the future and become lenient towards cryptocurrencies?

The banks in my country always block accounts that have cryptocurrency payments and I don't think it is good

 

[Heatman]

I believe that banks don't actually have any problems against cryptocurrency existence because they are all working under the instructions and policies of their government. This is why they will not have any close relationship with cryptocurrency, so it's all up to the government to make banks accept cryptocurrency.

 

[Riberet19]

I believe that banks don't actually have any problems against cryptocurrency existence because they are all working under the instructions and policies of their government. This is why they will not have any close relationship with cryptocurrency, so it's all up to the government to make banks accept cryptocurrency.

Exactly, but I think that ultimately it is both of them to blame, we all know that banks and governments work very hand in hand, and both do not like cryptocurrencies very much, but ultimately the ones who set the laws and regulations are the governments, so ultimately they are the ones that do not allow cryptos to develop properly.

 

[Grant]

I think banks in the future will accept only certain crypto, mostly established and ones that aren't risky. Like Bitcoin, and any of the major ones that are still around. And not ones that are worth next to nothing.

 

[Ja Sa Bong]

Government is the problem cryptocurrency have been facing for years. They are the one's stopping cryptocurrency from achieving its full potential. It will take only time for them to come around and support cryptocurrency which will make banks to freely transact with cryptocurrency. It's a very good development to see PayPal which is one of biggest financial institution launch their stablecoin which is the first digital currency backed by the US dollar.

 

[Skysaint]

I think the problem they have with trading cryptocurrency or the whole idea in general is that they're not able to track transactions and also not able to collect tax from it. I do understand the former but the latter is just selfishness on their part.

 

[Heatman]

Exactly, but I think that ultimately it is both of them to blame, we all know that banks and governments work very hand in hand, and both do not like cryptocurrencies very much, but ultimately the ones who set the laws and regulations are the governments, so ultimately they are the ones that do not allow cryptos to develop properly.

It's just the Central Bank of country is answerable to the president of the country, there's no way they are going to go in support of cryptocurrency without getting the approval from the office of the president on financial matters. This is why everything is on the government to give the full support or fight cryptocurrency.

 

[Riberet19]

It's just the Central Bank of country is answerable to the president of the country, there's no way they are going to go in support of cryptocurrency without getting the approval from the office of the president on financial matters. This is why everything is on the government to give the full support or fight cryptocurrency.

I think that at the end of the day they are delaying the inevitable, Bitcoin will continue to develop and attract followers because it is a decentralized currency and that you can not control completely, in addition they know very well that they can not prohibit it completely because there will always be a way to access it and also people are attracted to the forbidden things, I think that's why they've put so much emphasis on regulation.

 

[Heatman]

I think that at the end of the day they are delaying the inevitable, Bitcoin will continue to develop and attract followers because it is a decentralized currency and that you can not control completely, in addition they know very well that they can not prohibit it completely because there will always be a way to access it and also people are attracted to the forbidden things, I think that's why they've put so much emphasis on regulation.

Exactly! Millions of dollars move everyday through banks and cryptocurrency exchange websites in my country through Binance Peer to Peer. There's no way they can stop it and the financial sector is missing out on big commission they are supposed to be getting if they were involved in those transactions. Cryptocurrency will definitely end up winning with how things have been going on lately.

 

[Riberet19]

Exactly! Millions of dollars move everyday through banks and cryptocurrency exchange websites in my country through Binance Peer to Peer. There's no way they can stop it and the financial sector is missing out on big commission they are supposed to be getting if they were involved in those transactions. Cryptocurrency will definitely end up winning with how things have been going on lately.

I think that in your country the cryptocurrency has been so successful because the financial system has long since failed there, I'm wrong? in Europe for example they have not had so much use because there has not yet been a serious problem that makes people look for alternatives, but I think that moment will come, Bitcoin will be waiting for them if that moment comes, that is why I see Bitcoin as an exit gate to a corrupt system.

 

[Heatman]

I think that in your country the cryptocurrency has been so successful because the financial system has long since failed there, I'm wrong? in Europe for example they have not had so much use because there has not yet been a serious problem that makes people look for alternatives, but I think that moment will come, Bitcoin will be waiting for them if that moment comes, that is why I see Bitcoin as an exit gate to a corrupt system.

It's not just the financial system that have failed but the entire economy have been nothing good to write home about. Over 600,000 of students graduate every year in my country and there's no provisions made to create more jobs opportunities to absorb those students. Most of them run towards cryptocurrency and use any option available for then to make a living.

 

[Riberet19]

It's not just the financial system that have failed but the entire economy have been nothing good to write home about. Over 600,000 of students graduate every year in my country and there's no provisions made to create more jobs opportunities to absorb those students. Most of them run towards cryptocurrency and use any option available for then to make a living.

I see, now I understand a little better why cryptocurrencies have come so far there, the whole system is broken from what I see, really for your country Bitcoin was a salvation, if it had not existed, maybe the thing would have been much worse, also working online has helped those people a lot.

 

[Heatman]

I see, now I understand a little better why cryptocurrencies have come so far there, the whole system is broken from what I see, really for your country Bitcoin was a salvation, if it had not existed, maybe the thing would have been much worse, also working online has helped those people a lot.

Exactly! A lot of youths will be left with nothing to do in my country should cryptocurrency completely crash down here or the government becomes successful in clamping it down to a zero use or activity. I can tell you that there's going to be a big uprise from the masses (Youths) should something like that happens.

 

[Henrywrites]

Banks are quite strict when it comes to cryptocurrency usage. They do not favour cryptocurrencies at all and this is something quite noticeable. So, will they adopt cryptocurrencies in the future and become lenient towards cryptocurrencies?

I have come to understand that banks see the crypto currency market as a direct rival that has come to take away their businesses from them. So, do I expect them to be lenient towards them? The answer is no. Things may change in the future, but at the moment, nothing is happening in terms of that angle.

 

[Heatman]

I have come to understand that banks see the crypto currency market as a direct rival that has come to take away their businesses from them. So, do I expect them to be lenient towards them? The answer is no. Things may change in the future, but at the moment, nothing is happening in terms of that angle.

It's not actually the banks that see it that way but the government. They are the one's that control the banking sector, so they decide what goes and what doesn't. Banks can decide how to make money from cryptocurrency if they are allowed to work with it but the government doesn't just want it.

 

[Good-Person]

It's not actually the banks that see it that way but the government. They are the one's that control the banking sector, so they decide what goes and what doesn't. Banks can decide how to make money from cryptocurrency if they are allowed to work with it but the government doesn't just want it.

All the commercial Banks and private banks operated in a country are controlled by the central bank of the country. The central bank is controlled by the government. They receive direction from the government. So, the government plays a big role.

 

[Heatman]

All the commercial Banks and private banks operated in a country are controlled by the central bank of the country. The central bank is controlled by the government. They receive direction from the government. So, the government plays a big role.

This is the reason why anything that is going on with cryptocurrency today not being supported in any country is being facilitated by the government.

When the government are not in support of coins, there is no way the banking system that is under the government of a state is going to come out and support cryptocurrency individually.