Bitcoin Forum

Expert: Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest
According to Rebecca Harding, a financial journalist and the acclaimed author of “The Weaponization of Trade: the Great Unbalancing of policy and economics,” major financial institutions are waiting to invest in the crypto market.

Harding, who operates as the CEO of Coriolis Technologies, a trade technology company that provides services to major banks and corporations in the traditional finance sector, said in an interview with Forbes contributor Billy Bambrough that the vast majority of banks are healthily skeptical and curious about crypto.

She explained that banks have started to acknowledge the need to invest in the market to keep up with developments in the cryptocurrency and blockchain space, but are currently awaiting the green light from regulators and financial authorities.

Goldman Sachs, Citigroup, and Morgan Stanley on the Sidelines
As CCN reported, Goldman Sachs, Citigroup, and Morgan Stanley, three of the largest investment banks in the US, have already developed a wide range of products including a trusted custodian solution to serve institutional investors in the cryptocurrency market.

Morgan Stanley is said to have developed the infrastructure required to provide complex derivatives tied to Bitcoin, with the plans of launching Bitcoin swap trading as soon as the bank sees enough demand from institutions for crypto.

To remain relevant in the fintech space and connected to the cryptocurrency space, Harding said that banks are closely working with newly emerging fintech companies to study the cryptocurrency market and will soon allocate capital into the asset class.
https://www.ccn.com/expert-banks-are-enthusiastic-towards-crypto-waiting-for-regulators-to-invest/

I think banks have been heading to Crypto for a long time, but this is a good time for many big businesses to come to it. Because their prices are quite cheap compared to the current economy. I believe that the value of the future altcoins will grow further in 2020.

Amazing. This was supposed to happen one day and even if this news is just coming out of the thin air then also it will be very much true after near future. Banks are operating with the full efficiency right now but banks will also explode one day because of too much economic stress on them and they will be requiring huge amount of third party supports to make them work even more efficiently. I guess this is the time when blockchain will be remembered profoundly and more and more crypto currencies will be used to fulfil the ever dragging situation of the financial system. This can only happen when they invest into the crypto currencies as the news said, this will surely go hand in hand one day.

Yeah,the banks are just waiting to pump the crypto bubble,take the big profits and dump it.While they dump the crypto bubble,they will blame all crypto users,the governments,the universe and God,but it will be their fault.
The bankster hypocrisy never ends...

Every business finally looks after profits and subject that leads to profits. After crypto's success, turning investors towards crypto currencies, banks are lacking back of investors and profits. As improvement is deadly required in their platform and hence they look for other choice where unexpected return is piling up. Finally they had to plan ahead and draw the roadmap. Crypto currencies is leading the currency market and now the banks know where to move about and they started doing so. No surprise though.

As always, they are just waiting for the maximum leverage they can get before entering. This is a common strategy of the banks, I must say, though some of them are already invested for sure, just not that highly publicized in order to not compromise their positions. Once regulations are in place and once more and more people are in the field, see how one by one these guys announce their involvement and 'pleasure' on investing in cryptocurrencies.

There waiting for regulation for me is going to be futile if the ones not yet invested keep waiting for a regulation because it might take longer than expected. I'm sure that they are already investing but secretly and individually - I mean their personal or workers.

I have no doubt about the presence of certain wall street banks in this space as we speak, and they may have been here for years already.

Since when do wall street banks care about regulatory approvals to bank on emerging markets or other aspects of a market? Throughout the last decades they have done nothing but breaking the rules, where in some cases they just pay whatever the fine is as result of that. They don't care. It's 5x profit 1x fine, and they keep repeating that till they implode (whenever that may be).

If you take into consideration how unregulated this market still is, and how much profitability there is to feast on, banks are complete nutters to not invest and trade through proxies. By the time the media reports that banks are slowly entering the crypto space, know that they are on board already and that the increase is caused by dumb money buying the news.

They can’t do anything about cryptocurrency popularity that they won't have any other choice, but to recognise and adapt or the future of blockchain technology will turn them into pieces and backlash from investors will drag them into their graveyard.

Soon after the worldwide regulations, the banks will surely implement storage of cryptocurrency on their system. But no doubt bankers executives and investors are also involved in our market.

I am quite happy to hear this news, I hope this news does not lie to boost crypto popularity. when they start running their plans it might be a good start for bitcoin, I can't wait for that.

As usual, isn't it? The same banks who claimed to know so much about cryptocurrency being a scam and no sane person should be a part of it throughout last year, are the same category of people trying to accumulate the dips now and trying to instigate that there is a huge future now. Like it is something we do not know already and I have always pitied people who usually listen to them. The same people, who have been stealing from them in years, are the same people who want to be stealing from them again, and the funniest part is that they just give them the chance to do so.

I am not surprised as I have always been imagining this from the start. Banks would obviously not want to lag behind and they will do anything to evolve with the way things are going with money, so looking at the way most of the financial institutions have been getting involved for a while now, it is obvious that banks want in on some action to at least benefit a lot from this space.

I would say the era of seeing the banks trying to come out to rubbish the space is going to pass eventually and we are getting pretty close. Developing a wide range of products by most of the top banks shows some good prospect in the long run.

Of course it looks like the banks finally recognzed that they`re losing profits by ignoring Crypto sphere, but nevertheless I`m curious, is there anything positive in this kind of integration?
Doesn`t it mean increasing adoption rate and less volatility?

Yes, for me there's some truth about it. Banks are here to make money so they're probably waiting in wings to pounce and milk crypto if in case regulations will be put into place. So having regulations has its bad and good effects as well. So let's see if this theory is correct, let's wait if there will be regulation that will make them feel confident in the market to secretly put big investments as well.

Banks buy money and sell money. It was impossible for them not to be interested in crypto. The banks are for money  almost there and they will quickly works if the regulations are realized about crypto.

    Change is inevitable for all us, the people, government, financial institution, and the Banking institutions had to adopt with these Changes in the Market, the entry of Crypto Currency Digital Transaction into the market create a lot question rather than acceptance. This is one of the reason we often see in the news that the Government are opted to Regulate the Crypto Currency Market before a total acceptance into the main stream market globally.

That the banks are studying the crypto is very likely.
But until there are clear rules, they will hardly enter the market, at least on an official level.
However, these are articles that only serve to attempt to manipulate the market.

As usual, journalists write without knowing what they are talking about.
It is obvious that the banks are observing the crypto world, also because they feel threatened.
Equally obvious that some investment - perhaps not too obvious - they did.
You will see better when the rules will be clearer.

I think if many banks really invest in cryptocurrency it would be another whales in this market, a bank will spend a lot of money to save on crypto's.

It is a good step if cryptocurrency and banks are in close proximity, these two places have a vital function in human life, either now or in the future.

So as it won't be a discussion about cryptocurrency will replace the banks or another idea that will make someone pro against one of the cryptocurrency and banks and contradict one of them.

This is good news as we are all waiting for the adoption of cryptocurrencies by institutional investors and bankers to come into the cryptocurrencies market.  If governments can come up with some regulations flamwork that can assist investors make an informed investments decision I think cryptocurrencies will become a wonderful things.

Sure big banks and financial institution want to make money
Crypto market is great way to do that
Because of that banks will force to regulators to  give crypto green light
At the end they will use blockchain technology to reduce fee and improve his service

I think the problem with huge companies get into bitcoin has always been the accounting problem. Depending on which country you are working in it is not that easy to put some of your investments into bitcoin and hoping it would increase in value and than suddenly even if you make profit taking out huge amounts and explaining that to the authorities that you have invested into crypto.

If there are no laws and regulations it would cause a huge paper work problem and even if there is regulations and laws than you will have to find accountants that would know how to file for tax and your profits will be eaten by the taxes that was put.

Banks are interested in investments and in anything that can make a profit, so it would be stupid to think - beyond the declarations on the front - that they are not taking information about the crypto sector.
And probably there have also been investments, obviously protected by anonymity.

So when are regulators finally going to approve crypto as a viable investment vehicle?
We've basically only seen bad news in that regard, so why would we keep our hopes up for them to finally start regulating crypto?

I've gotten into crypto to move away from banks, to I personally couldn't care less if banks weren't able to offer any crypto-related services.
On the other hand, it would certainly be great for the prices, I wouldn't mind seeing another bull run to be honest :P

When? Probably if they think that its about time to really give people want they wanted.  ;D. I also tend to believed that they're just waiting outside for years now, and although they kept on attacking it at every angle, they're going to take advantage of every situation to milk this market when regulations comes into place.


Oh well, it cut both ways, so let's see. I wouldn't mind seeing bull runs because of the outpouring cash coming from institutional investors, but we need to be cautious as well.

The banks want to make money, so they do not want to escape a field as promising as that of the crypto.
But above all they are afraid of losing their power, so it is obvious that they are studying the sector.

Again, these businesses are largely going to be targeting other institutional investors within the market.

Even though that yes, their use of bitcoin will represent more demand for bitcoin and potentially when their products launch it could cause a short term spike within the market, I wouldn't regard this as actual adoption.

They're going to be involved in mainly speculation and that's not necessarily anything positive from the standpoint of actual usage of the technology. Obviously, there is no stopping them from doing it when the markets mature a bit more and regulation also becomes more clear, but most likely this news is going to be the source of a lot of FOMO in the future which I think is irrational.

I mean if you are a huge bank that is willing to invest couple million dollars into something new than you should definitely make sure it is regulated first. Without knowing how to file for tax returns on your loss or your gain it would be unwise to just let your workers hoard as much bitcoin as they can with the amount of money banks have.

They would require some sort of assurance and laws for them to be comfortable about spending tens of millions of dollars into crypto, considering there are hundreds of banks like that in the world we can clearly say the day regulators start regulating properly we will see big increase in volume.

It had to happen sooner or later. Banks have to keep up with the times and get profits from cryptocurrency. However, they will not use it widely if the cryptocurrency is not legalized by the state. Banks operate only on the basis of instructions from the bodies regulating this field of activity. Therefore, their participation in the crypto-currency will depend on how much the cryptocurrency will in general come into our life.

Accepting the growth of Crypto enabled many banks to move with the new trend. Accept changes more complete and easy to grow, compete with other large banks in the region. Change to continually evolve and accept difference that makes you different from your competitors.

I totaly agree. Banks are very well aware that cryptocurrencies are possible profit source for them but lack of regulation is one of the obstacles they can't get fully involved. It's true that Bitcoin and cryptocurrencies are kind of threat and competiton for banks but they are not trying to destroy cryptocurrencies like many think. Banks are just waiting for the right moment to join to the game.

in my country also bank experts are studying Cryptocurrency, and news from the media say banks will use blockchain in 2020, only after I read Crypto money from banks has fixed and unchanged prices,

Well it's great to see bank want to cooperate with crypto, I just hope that is not a conspiracy to regulate crypto and the intention is to weaken the crypto usage, but I find it will create a positive grow if the bank decide to adopt crypto, And I think it will take time before crypto and bank could harmonise

I have been seeing the same thing being done here in my country as well, with the way there has been seminars and meeting on blockchain and cryptocurrency and how committees are being set up for further digging on the space. I know this is something we will obviously get to keep seeing more of eventually anyway and banks will not want to be left out of the show.

We all know they are ventures who are out for profit and obviously the crypto space is one spot where this can actually be possible. They already have the facilities actually to render an exchange service and so much more when it comes to loan and the rest, and they would play some good part in this aspect.

Banks are always looking for new ways to increase profits, and they have long known that I can earn a lot in cryptocurrency.
But banks are not very quickly entering cryptomeria due to poor legalization of crypto-trade by states at the legislative level.

Obviously, and they won't want to shy away from tapping into a profitable source as far as I am concerned.
For what we can see lately, we can see that banks are trying to do everything to be in the forefront of things as well as they would not want to miss out on the long run.

So in that case, rather than seeing it as a threat, I am sure they will just find a way to just be a part of things, allow it to evolve, and then find a way they can stay relevant within that space. Regulation will be a thing at the end of the day for those who may want to be going through this channel, but at the end of the day, banks actually lost some of the fight against cryptocurrency already.

For one thing, banks are always on the look out for the next thing they want to invest on. I don't think they would care if such investments will result to the fall of fiat currencies but the fact of the matter is, what they want is security so they're just waiting for regulators to join in so that they'll be on the same boat.

If ever banks really want to be on the crypto currency game, that is fone and good but these banks would only stick to crypto currency up until it benefits them and i doubt they will stick around long enough to make crypto currency stable enough for adoption. Let's just see what happens once they join in.

Of course, banks will not rush to the issue of cryptocurrency. They will massively invest their capital in cryptocurrency only if there is maximum clarity in the rules of the game in this market. This will happen only after the states legalize cryptocurrency and establish clear rules for its circulation, which is quite normal.

mutual attachment banks and countries, because banks support a country's economy. therefore if the government has legalized it, then the new bank can move, even though the bank is enthusiastic, but if the government has not arranged it, I think it is still useless

They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.

Whether they are investing in cryptocurrency or they are trying to render some service within the cryptocurrency space, one way or the other, they will find a way to benefit from it.

They have been in existence, they are smart when it comes to playing their game and of course, when times are changing like this, no one wants to be left out. So in that case, I believe as time goes on, we will get to see banks get their shit together most especially when the space becomes a lot more regulated and they will find a way to tap from the benefit in this space. I have no doubt about that!

Some big banks have already invested in some virtual currencies like ripple so it is a big possibility that they would also invest more if there is a regulation for the cryptocurrencies. If a big bank finally invested some large amount of fund in cryptocurrencies, it might act like a whale, they can easily influence or manipulate the market to their favor. This possible scenario might only happen if government creates a  crypto regulation to accomodate the banking industry.

I don't think they are waiting for the regulators to "invest" they are just waiting for the regulators to regulate. That way they can be capable of spending billions of dollars into something they know will be regulated properly like all other investment options. Look at the regulations on stocks and forex etc. they are regulated daily and constantly and have been so for years and there is nothing like that in bitcoin.

So they are waiting for crypto to be regulated at the same level as those things in order to spend billions of dollars into it. Would you invest your billions of dollars into something that is not regulated properly? I think banks and investment firms will be reason for the next huge bull run when they come but we need to wait the approval of SEC for that type of thing.

Investment banks like goldman sachs already investing their money in exchanger and will opening bitcoin trading desk. I am believe others investment banks see the opportunity in cryptocurrency market and they will investing their funds. Better hold our coin for long term

Too right. Banks are not operated based on some morale code, they serve only one thing and that is their shareholders. All shareholders really care about is profit. Banks will have realized long enough ago that if crypto is adopted then it challenges their current business model. Now it's just common sense for them to try and have skin in the game, or a slice of the pie than sticking to their current business model and becoming obsolete.

No wonder Goldman Sachs, Citigroup, and Morgan Stanley are developing the infrastructure to use and serve crypto. In this year of 2018, many events have already happened on the cryptography market that “say” that cryptography is a future that has already arrived.

Another point we are missing out, this news and these people who said they are enthusiastic towards crypto said so before all of this 10-11 days of bear marathon happened. Do they still think the same? I mean of course it is easy to love bitcoin which has been low for 10 months now and favoring it to go up and being excited about it. It is not as easy now that the price dropped significantly and has been doing crazy volatile stuff.

I am not too sure if banks are still feeling the same about bitcoin considering their amounts are (combined by all banks) can reach to tens of billions of dollars poured into this whereas our volume is only 2 billion. It is not smart to get into a market when you can destroy it when you want to get out. Banks will probably not take that chance. Will wait until the volume is higher.

That is definitely a good point banks whether we like it or not are still the most dominant force in the financial market and they have so much money at their disposal that many are always trying to find markets to invest in, but the market of cryptocurrencies while promising is still too small so even if some banks wanted to take a chance with it they cannot do it because if they did then they will represent a huge portion of the market and they could be eventually trapped if the market collapsed

If cryptocurrency regulated by government as new investment instrument, i am believe more big financial institution will come to cryptomarket. Crypto market have a bright future and its digital asset and its secure. If crypto regulated, i am believe investor will more confident and crypto market cap value will rising