Bitcoin Forum

Since they couldn't suppress Bitcoin, some banks are now endorsing investing in it. I remember seeing that I could buy and sell Bitcoin (and other cryptocurrencies if I remember correctly) straight from my business banking app when I was working on financials in some company a while ago. Now I wonder, do they just want to enter the market and profit off of it or are there some other intentions? Since they offer an exchange for business users, could it be possible that the system could be used so the government could actually tax Bitcoin by taxing the company investing in it trough the bank account?

Maybe I'm overthinking this, but when banks are involved with Bitcoin it always seems like an attempt of gaining some sort of control over it or push it to be more centralized in some way. And seeing more and more of them getting involved doesn't really comfort me.

What do you guys think, should banks even be in 'the game'?

As the adoption of bitcoin increases it poses a serious threat to the use of banks for day to day activities so it is actually not surprising to see banks showing interest into bitcoin by incorporating it into there system. I would say it is done just not to lose costumers or to gain more.

Although it would help spread the news of bitcoin more since many people are interested in physical entities and banks involved in cryptocurrency would help spread awareness and adoption to these set of people. But overall it is not a save way because we all know that they would certainly require KYC. KYC, centralization and custodianship of one’s keys are what make crypto centralized exchanges scary to hold or trade cryptocurrencies on, for the banks it even more dangerous because it exposes you not to hackers only but to the government which is against the main purpose of bitcoin. Ones the government decides to take a hefty decision against bitcoin or cryptocurrency at large your funds could just easily be frozen through the dealing with banks.

It's hard to know the true intention of the banks that are offering investment in Bitcoin but I am sure they will start like Paypal which makes it impossible for the user to transfer their BTC off their platform.
According to my prediction,
1. the reason why they (Banks) want to offer investment in BTC could be because BlackRock and other reputable investment company that has an interest in BTC ETF.
2. IMF's latest advice on regulating and taxing cryptocurrency instead of banning it.

When you’re investing in BTC through banks, you’re not owning the BTC you buy. It’s similar to investing in paper gold from banks - you buy a paper on which it’s written that you own a certain amount of gold. That in theory guarantees you own the real gold too and can claim it any time, but in reality who knows?

This is a fully custodial service and heavily centralized. Even if they surprisingly allow you to spend and receive using your own addresses, they’ll ask you to explain your transaction when large sums are involved or they decide to trigger the AML KYC laws. It sucks, and Bitcoin was purposely made to avoid these situations.

So of course banks will happily provide their users a way to quickly buy and sell BTC without having to learn how to use a wallet, how Bitcoin works and everything else. It solves two things for them: you don’t get the free finance and banks get to own the Bitcoin you buy for you. In some ways this is progress, but in others it’s them advancing with their plans of basically centralizing what can’t be centralized. They’re hungry for power, they’re sick of us being in control and it shows.

That's a great addition as it will bring many boomers to try and invest directly in Bitcoin. Some of them were just lazy to google and search how to buy Bitcoin and follow all the steps.
I am pretty sure, this change is great for the overall future of the Bitcoin. This also removes one layer of doing extra KYC as the bank already has your information.

However, it's not your Bitcoin if they are just keeping it. :)

They maybe realizing that they can't beat this market, so why not join this market?
That is true, some people are lazy doing their job, so if it is under their bank, they will be more confident dealing with btc.
Well, that's a good start. Once they realize how to transact with btc and store their own satoshis, they will surely get their btc out of their banks.
But with banks doing business with bitcoin, it will surely add credibility to this market especially for previously non-crypto users.
Most users who are still not into crypto are still thinking that this market is a fraud or scam, but it is the people who are doing business are the ones who
are tainting the image of this market, not the market itself. They will understand this once they got a hold of their own satoshis.

It appears that the bank is likely interested in profiting from Bitcoin trading using fiat currency. When you purchase Bitcoin with fiat, the bank will levy charges, and the same applies when you sell it. However, it's unlikely that the bank itself is assuming the risks associated with Bitcoin's volatility. Instead, they may choose to partner or integrate with a cryptocurrency exchange to mitigate these risks. Additionally, if Bitcoin trading is legal in your country, the government may impose taxes on such transactions.

Thank you for explaining how it works, I haven't really researched on the system - I can't even find information about this (which is logical since it isn't in interest to be found). But of course, I knew that there is no 'clean' business there, you can clearly see that without even getting into detail.

I even considered investing trough the system, but luckily I never even brought up the suggestion. Lack of knowledge in some moments is a killer.

I get that it can be a good addition for increasing the number of Bitcoin investors and growing the market. But there are big disadvantages as stated in the topic, which I think would bring more damage than good to Bitcoin. Are you worried that Bitcoins system could be affected in a bad way with banks entering the market?

I don't know the offer your bank is giving you, is it that you can buy BTC on exchanges with your bank credit and debit cards or directly from your bank app, if that is it then it is nothing new because most exchanges and crypto platforms support the use of bank cards to purchase BTC and crypto.

I don't think your bank is advertising that you can buy crypto directly from them, i have not heard about any bank which offers that service. It is going to be a complicated service for a bank to offer, are they going to transfer BTC to customers address of choice after purchase, and if they are to hold the BTC, is the customer going to open a separate account with the bank to view BTC balance, etc, this is why i think it is too complicated for a bank to offer this service, and maybe your bank was only telling you that you can buy BTC on crypto platforms using your bank details. It would also be strange to find a bank involved in moving BTC's.

I am neutral on this since I don't mind if banks wanted to involve themselves in the Bitcoin industry.  Besides banks are business establishments too so it is not surprising if they adopt Bitcoin to take advantage of the possible profit they can get from the Bitcoin community.  Aside from that it is also a boosting factor for the Bitcoin market if banks accept it as one of their services since it will only prove that Bitcoin is legit.  This will also weaken the argument of Bitcoin being a scam or a Ponzi scheme.

The banking sector is already an anonymous investor in Bitcoin. Most of them already invested in the currency a long time ago but can't make it public because of regulation and attacks from outside.

If your bank is already showing you this kind of offer, then that's a great development considering that the government of that country has reduced the pressure they were using to tackle it and restricted the banks from engaging themselves in anything relating to crypto. And if that's actually true, then it could only mean one thing, which is that both the bank and the government of that country are trying to benefit from crypto.

Which is a "yes." They want to tax every account holder using their account to directly deal in crypto transactions because they could easily detect it and tax those using it. Right now, most governments are already feeling cheated since they can't stop their citizens from not using crypto. Why can't they be earning and benefiting from it? I believe that's the reason why they are now gradually moving from the hatred of Bitcoin to the tax and regulatory parts.

We're going there.

It's going to be taxed soon whenever someone profits from exchanging or trading Bitcoin into fiat, this is for most countries that have just adopted it.

But AFAIK, in countries like US, you can't just skip the IRS and you're already tax as long as you've managed to have gain on it. The banks will just have to adjust on these matters.

They don't mind getting into something new as long as they'll be permitted by the government.

the cryptocurrency market exists for everyone, so banks, big companies, the rich also have the right to invest in bitcoin, of course banks need to follow the laws and with that they will have to create investment mechanisms that comply with the laws governments, I see nothing wrong with banks entering the bitcoin market. I also don't see how banks would control bitcoin, and I highly doubt banks have an interest in controlling bitcoin, banks make a lot of money every year from the high interest lending services they make people

governments are forcing people and companies to have a bank account to receive salaries, save money and make kyc and with that people when they receive their salaries at the bank and look at advertising in the bank about loans, people immediately get into debt and stay for years with lives destroyed, banks have no interest in competing and controlling bitcoin, banks are guaranteed high profits every year and they have government protection. unfortunately, there is still a long way to go for all countries in the world to accept bitcoin as a payment method, until then, fiat and banks are the only option

I believe I am with you on this I think we should not take this as a competition between the banking sector and Crypto-currency sector. I have always said that the two can actually go exist and there are people here who has a way of working with both the crypto-currency sector and the banking sector.

But if the involvement of any banking system would actually cause an infringement in the anonymity of crypto-currency at any point then that when the toxicity is drawn. I believe anyone can get involved in crypto-currency.

Whether they are in the game or not, or if they are in alignment with the government to tax investors, individuals still have the better choice to buy Bitcoin from other platforms apart from the bank. Although I feel if there is really advertising like you have mentioned, then it will remove the fear of doubt most people have in Bitcoin, like some new investors will come into the picture, but who knows what the results could be? Because of the way banks operate now, if you have a huge amount in your account and you want to withdraw it, your account manager will always want to know what you are using the money for (speaking of my country). So, I think that's likely a situation people will face if they decide to invest in Bitcoin through a bank. I don't buy that idea. Bitcoin was created to remove financial control from the hands of those financial elites and put us in charge, so we must not still rely on banks to make investments in Bitcoin.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

They actually very easily could. Just block all transactions from crypto exchanges and monitor p2p transfers. But what would they gain from fighting Bitcoin? Bitcoin is not taking away their business. People are not paying with Bitcoin in stores. People are not using Bitcoin for loans. It's more profitable to take their share of Bitcoin pie by processing Bitcoin-related transactions.

Some overly cautious banks were banning Bitcoin-related transactions because they were afraid of dirty money. But it was just their miscalculation.

The majority reason I can see it, of course, is "to profits". We all know how banks work. The best example is their annual interest when you store your money in their custody is extremely low compared to other platforms like decentralized finance (defi) platforms which offers stake or deposit that earns interest, or even in some exchange offers just like that.

Another thing is banks want to become competitive especially these days which traditional banking is being outperformed with modern ones especially cryptocurrency related.

I think anyone can invest or take advantage of bitcoin. The more people or institutions using bitcoin, the better. Although their only intention is to seek a price increase. The most important thing is that the more people believe in bitcoin, the higher the price

Until whenever no one can intervene bitcoin decentralization. Even though there are those who store bitcoins in large quantities, they still cannot control and make bitcoins centralized. We can always control our own bitcoins, want to sell or keep them. No one can freeze bitcoin assets in our own wallet. This is different from banks, banks can freeze our money in accounts whenever they want.

Banks provide services to keep their businesses running and bringing income for their companies. As businesses, they can not survive without customers and income. With new products for Bitcoin and cryptocurrency users, banks will have a new customer population which are not small.

Will they deploy backdoors in request of governments to collect user transactions and use them for taxing? Very possible and they even do it many years, so why do they have to stop it if their customers use their bank services for transactions related with Bitcoin and cryptocurrency business deal ?

I see no reasons why they have to stop collecting customer transaction data.

The game is opened for everyone. Bitcoin network does not censor any transaction and Bitcoin protocol is not against bank systems to join.

You're probably overthinking it but just a little bit. Banks care first and foremost about profit, and this is what has led them to offer bitcoin trading and even custody services. They have seen that there is interest and a growing market and they want to participate in the market. Secondarily, I think they have also realised that what they were worried about at the beginning, the fact that bitcoin is something they cannot control, many people buy it and hold it in centralised entities, and they have decided to be one of those entities because then it is under their control, and not that of the client.

Oh right, I forgot that banks can be a centralized service to collect bitcoins in their wallets. Furthermore, they can use bitcoins for their own benefit, can provide loans to other consumers. Or maybe this is the bank's preparation to collect bitcoins and in the future there may be a bitcoin lending system carried out by the bank

But what is certain, after the bank rejected bitcoin, bitcoin continues to grow and the community is getting bigger so that it has fantastic value. They have realized that there are huge advantages in bitcoin, so they decided to adopt bitcoin. Of course all for profit and money

Even though they want to adopt the use of the bitcoin at the end there's a cons on it the chance of getting centralized its now become useless the essence of the bitcoin being a decentralized. Else they will act you can buy a bitcoin to them without any restrictions with the transactions or transferring of asset.

If you are a large whale investor chance of getting KYC for suspicious activity of transactions.

The Bitcoin market is expanding every day and many people especially the youth are using and investing in the sector. Many centralized exchanges are introducing different services to these crypto users thereby attracting them to use their platforms. Before now the banks were ignorant of the profitability of offering these custody services because they underrated the crypto sector. Now, it is clear that they are losing out on the lucrative deals or services they can offer in the crypto industry. They have now woken up to offer similar services that exchanges give so that they can compete with these exchanges and gain some part of the crypto market. It is obvious that they are not driven by the love of the sector but by profits through bank charges, tax, and trading. Some of these banks are aware of next year's Bitcoin halving and they might also have plans to take advantage of it.

People are not responding to their campaigns so maybe they are now suggesting to invest in bitcoins. Maybe there are some banks that have decided to accept Bitcoin. That is, as people used to deposit money with them, now if they want, people can deposit bitcoins with them. In this, the bank may take some part of the interest of the bitcoins deposited with them. And the deposited bitcoins they can invest in different projects that's why different banks can make such decisions.  But such initiatives by banks may not be successful as people invest in Bitcoin for a period of time. So I don't think people are going to keep bitcoins in the bank aside from thinking about investing in bitcoins for a long time.

Banks are already in this game! Either in a positive way or in a negative way! They are not staying out of the game.

In some countries where Bitcoin is a legal tender or at least has a legal framework available, Banks are automatically added to the game. On the other side, my bank sends me a monthly newsletter email that always mentions Bitcoin in a very negative way, without fail!

But we all understand one fact, Banks can't control Bitcoin or the network. They are just trying to get themselves integrated with the ecosystem and earn some brokerage income along the way. I do not see a serious consequence unless these banks are jumping into the Bitcoin market with a backup of trillion dollars.

When no one can control bitcoin there is no option but to authorize it. Moreover, in a competitive business, everyone will want to move forward and those who are ahead will be more profitable. If banks are allowed to invest in Bitcoin, they must have a long-term plan. The government will also want to collect revenue from the public in a reliable way. That task can be done well through banks. Although some banks are already working with Bitcoin, most of the world's banks are deprived of that facility. However, it is certain that if Bitcoin is widely spread through the banking sector then it is somewhat to be controlled but impossible to completely control of it.

Banks may be in the game, but it doesn't mean I'm gonna use them. I always kept my Bitcoin in OWNR wallet with other coins, and I will keep doing that. I don't think that you'll be actually holding your coins if you'd buy them in banks. It's not better, or maybe even worse than holding them on exchanges.

Don't you think they would already suppress it when they were spreading anti Bitcoin propaganda? I don't think blocking exchanges would be that simple and p2p transfers can't be easily monitored and controlled (plus everyone would switch to them in the case of blocking exchanges).

I see that people have different thoughts on the matter. The reason I was sceptic about this move is because the bank was offering investing to a company. Since the company must take to account Bitcoin purchase and selling, it is easy for the government to tax it. Yes, you are taxed even if you are personally gaining as someone said in the thread(I don't want to spam quotes) but that could be more easily avoided than with a company investing money.

Publicity and availability for Bitcoin is good - as at least half of users stated, but I guess everything comes with a cost.

Exactly, of course they opened this project to aim for profits and benefits for them. They are aware of the convenience and opportunities Bitcoin could give to any individual so they tried to be opened as possible and welcome it in to the game. But I think it won't be long for them to give up this case since it would be too hard for them to handle a decentralized system maybe only thing they could do about it is to add fees and interest for their own good.

If that's what banks do now, it has both good and bad effects based on my opinion. Of course this is a point for our crypto enthusiasts because crypto adoptions are spreading, so are you talking about the country anyway?

And what is not good about that is of course, if that is accepted by the banks, Bitcoin will appear no different from their fiat because they will also ask you for the same requirements as the old fiat, second it is also possible to be imposed by That's really a tax, not even directly from the government but the banks themselves can do it because they themselves are the ones who are taxed.

From the very beginning, governments wanted to tax those who invested in bitcoin through banks. They are making arrangements for it. It is actually both useful and unhelpful for banks to make transactions with bitcoin. The useful thing is that governments accept bitcoin through banks. In this way, they officially acknowledge the existence of Bitcoin. The unnecessary thing is that we have to pay a certain fee to the banks when buying or selling bitcoin.

One of the goals of banks that want to invest in bitcoin is to want to control bitcoin. But I don't think they can take control by buying bitcoin. That's why I love Bitcoin.

The banks are accepting bitcoin transactions so that they can gain for taxing the people buying or selling bitcoin with their banks. This is a good development for bitcoin because it will be easy for people to buy bitcoin directly from their banks and it will also increase the rate of bitcoin adoption. There are some people who think that bitcoin is scam and if they hear the news that the banks are dealing on bitcoin,then these set of people will understand that bitcoin is not scam. The disadvantage of banks trading bitcoin is that you will not be in full custody of your coins which makes your bitcoin the banks own. Not your keys....Not your coins. You can also be tracked down by government if any huge transaction is made with bitcoin. Banks are trying to kill the privacy that bitcoin gives to its users when you buy from banks

Which bank are you referring to? If this is really happening why don't you show us a screenshot of your banking app that has it up where customers can buy Bitcoin? I do not find this easy to believe I am sorry for saying this.

and even if this is true we all know that bank are businessmen or the business entities that are here for making more money, so if anyone is buying crypto through Banks they should know that those banks are making money out of them one way or the other.

You need to ask yourself what are the banks benefiting from selling crypto to their own customers it doesn't make any sense, It is also very risky to buy crypto through banks because now they will know that you are into crypto investments yourself and even in future, if the government decide to start going after those that are investing in crypto it will be easier for them because believe me the banks will betray you easily.

Whatever their reason is still having Bitcoin involved is still our priorities because this may add as adoption from banks in which once hated bitcoin that much but now they are extending their hands to have this or be out of the system in money distributing and contracting .

As much as we would not like it, banks will be in the game, they want to control bitcoin in the same way that they control fiat now. They will want to charge fees for payments, issue loans in bitcoin and carry out all the transactions from which they can earn. I did not see that the bank offered me to buy bitcoin through the banking application, but I think that this will happen in the future.

Then the banks will convince us to give and store our bitcoins to the bank, as they will guarantee us security, I have no doubt about it. But I will never give my bitcoins to the bank.

They are free to do what they want, and they have been doing worse things historically, so yes, let them offer Bitcoin services if they want: the fact is that these services are completely unnecessary for the clients and reflect the own interests of the banks, but if clients aren't willing to believe it, I'm sorry for them, but they have what they deserve.

A very different thing would be that Governments forced to use Bitcoin via banks, which would be an outrage to me, but this is a different question.

because the Bank really cannot put pressure on holders and users of Bitcoin, maybe this method is enough to help collect taxes.
if what is done in a banking application, is it a form of cooperation with an exchange or do they own all the assets traded there? if that's the case isn't it almost the same as a centralized exchange, and it's very inconvenient for anyone investing.

In which bank and banking app did you see the opportunity to buy and sell bitcoin?

Any bank, as a commercial organization, first of all seeks to make a profit, and in the addition of a purchase / sale bitcoin service to clients, I see their desire to earn. First of all.

As for other intentions, such as taxing, gaining control, and pushing btc for more centralization, I believe that this is not within the competence and responsibility of the banking industry. But I don't rule out that regulators may oblige banks to do this.

I strongly believe that there is no place for banks between BTC-user and bitcoin.

Some traditional banks have started offering services related to cryptocurrencies, including Bitcoin. However, it's important to note that banking services related to Bitcoin can vary by country and institution

Because it's a win-win situation.

It's a win for the banks because they can make more profit by ask additional fee.

It's a win for the government because they could control some Bitcoin which people willing to sell for them (through the banks).

It's a win for the holders because it would increase adoption by people who're still skeptics against Bitcoin and it increase an access for people who want to buy Bitcoin.

Holding the coin is not the issue here, what matters is privacy protection. The bank will allow you use their service to purchase Bitcoin and you can still be able to withdraw it down to your personal wallet, but the wallet in which you transfer the coin to will be taken note of, which they might track every single movement of that coin to the last spending of it.

Those who do not care about privacy might want to use it, it might sound safer for them more than using P2P service since they could easily have any authority to hold for failed transaction and their funds could easily be reverse back to them. If the charges are low then they might be able to convince lot of people in using their service.

As far as I know, the banking operations are limited to providing financial services to its customers. For investments, they usually offer services on different platforms, but usually in one group. I don't know how the regulations are in your country, so that your bank can offer Bitcoin investment services directly from their application. Because as we know that banks and bitcoins are 2 things that are quite contradictory and most banks around the world are against the adoption of bitcoins and it is quite surprising that your bank offers Bitcoin investment services which are not their domain.

Banks being involved in BTC is not a priority, i don't even think it is possible to buy BTC from any bank and in my previous post in this thread i asked the op if the offer he saw was to purchase BTC on an exchange or crypto platform directly with your bank cards or bank app, that is possible and it isn't a new thing, but banks can't sell BTC to you or buy it from you, it is not part of their responsibility and i don't think it ever will. The way i think banks can be involved with BTC in the future is through offering to store people's keys for them in their vaults as they do with gold, though this is something i would never do, because "not your keys is not your coins".

I don't have a screenshot because, as I stated - I was working at a company and had authorization to access their bank account including the e-bank app from my work phone. It's not a secret, the bank in question is from Lithuania, I can't remember the exact name of it right now as it was a few years ago.

I do currently own a business and have an account in a Magyar bank, but they do not offer such exchanges/investments in Bitcoin.
I'm also presuming most of the forums members are from the US, I don't know if these services are a thing there, but these banks are clearly offering this in Europe.

The thing is, the bank isn't in my state (as the company isn't), so I don't really know the regulations. Maybe they were using some exchange powered by themselves or some associate, who knows. I'm sure they just want to get more money in any way possible.

In my opinion, if banks get into the bitcoin market they will want to control it optimally to make them profitable. The big Fed is targeting crypto by imposing alt coins as securities. I don't want big banks to enter this market, they will manipulate the crypto market price

Here in our country I have not seen any bank that allows you to buy bitcoin from them. Because all I know is that you will make a transaction from the exchange using p2p to the bank we have here. That's all I know, and the merchants on the exchange will accept what we sell Bitcoin like Binance. But not directly to the bank, as far as I know, that's what has been happening so far.

But if this will happen to some of the banks here, I could consider as one of the good sign for bitcion adoptions anyway.

This depend on your country because we still have some countries who have total ban on bitcoin and the CBN hace placed a banned on banks involvement in bitcoin, this have been on for a while now and most central bank are against the adoption of bitcoin because their could not control it and since their can not control amor manipulate bitcoin market the now end up with several santioned and restrictions.

But even at that their are not able to supress the penetration of bitcoin to the peiple and that is why we have increased in the number of Bitcoin adoption globally.
Banks have been the secret investor in bitcoin and most banks around the world have positive mindsets toward bitcoin but restrictions placed on them by the central banks have limited their involvement in Bitcoin.


Some time ago we heard several banks getting involved in cryptocurrency transactions, but then the trouble is that, will the government through the central bank allow such development, and at what point can we truly say that bank/decentralized assets (bitcoin) have become homogenized to meet the global economic standard.

The best approach I do think that Banks and other financial institutions should follow is to find a means of leveraging this technology or tapping into the system to offer Bitcoin-related services, and If things progress and the Government did not place a ban on Bitcoin globally, There may come a time when people may choose to buy almost everything using Bitcoin, when most businesses are accepting Bitcoin as a means of payment, then the use of local fiat currency for transactions will be on the decline, Thereby resulting to Banks losing customers and money in this case.

Won't be easy as it sounds. Banks are after adoption of this technology because of profit. When it comes on governments, then that's taxation. But's that is how things really work, as we all know.

Banks are now adapting to this blockchain by means of a third party wallet as they offer to potential investors. Ofcourse engaging to their platforms would cost you more than the usual because it is their servicd which is being paid. On my end, I'd more engage with centralized exchanges than banks solely. But looking at the birghter side, more institutions would be interested as well towards this industry.

Adoption will expand, but the primary function of decentralization will fade away with full control remaining in the hands of banks. It's as if the banks will act as custodial service providers. The original asset owners will only receive numerical values in their account books, while the banks can utilize their customers' funds for other purposes, such as providing loans and creating money.

That is indeed not incorrect, as until now, society has solely relied on the government and banks for their financial needs. Hence, it is extremely challenging to detach the attribute of "centralized" from every financial requirement they have.

Ok, I get it that your bank allows you to buy Bitcoin and ALTS straight from your banking app which in my POV is very useful like you can easily, and quickly buy BTC with your fiat but where are you going to store that bought BTC?. Will you store bought BTC using Bank app on the same baking app? Because doing that means, you are no longer own the currency as you do not own the keys and I think you have better idea about it.

And about banks being in the game, I found no other issue than storing the assets on the same app and the record of that transaction on the app. Because this will eliminates the basic and most fundamental aim of BTC origin: which is anonymity, and once we lost it what benefit remain there in using it.

We should value the technology and in my opinion banks should set some boundaries if they want to join the game, and the boundaries are set on the factors that could not affect the value and aim of BTC origin.

Banks involving in crypto is a good idea. Banks will be like an exchange platform to buy and sell Cryptocurrency. But they will be extremely under the control of the government. So dealing with banks should be extremely be careful. Bank is a business firm so anything they do must strictly to business. So the intention of them doing such transaction is for business purposes. And nothing more to that.

What is your nationality? What bank do you use for transactions or savings? With the knowledge I have I confidently Belive that no bank will allow you to invest on bitcoin with their site, because many bank users have been band for doing bitcoin transaction, so I don't Belive that people can invest in Bitcoin from their bank site, but the question is WERE CAN WE STORE THE BITCOIN IF WE INVEST DIRECTLY FROM OUR BANK SITE?, if bank want to involve in crypto currency exchange or investments they need the approval of the government and I believe that it will be a very difficult task because the government think that crypto currency involves scam.

The Answer of your question is "Yes". You are just investing from your Bank app to buy Bitcoin and you aren't holding it in banks wallet.

I agree with you and I don't know why OP didn't clarify it with us by providing his nationality and Bank name. I saw in every country where Bitcoin is illegal, Banks don't offer investing in Bitcoin. But if it really happens then it's a milestone for Bank users as they are also supporting the Virtual Currency. And it's quite impossible to implement tax regulations on the Bitcoin users as op thought about it.

Some of us think that bank involvement in the crypto industry will be a good thing. Because they think that it may bring more stability to the crypto world. People will get more flexible assets to invest in crypto. But maybe they have some intention behind it. Yes, most likely to centralized Bitcoin with an indirect approach. Bitcoin is decentralized and no one has control over it. So others in power will try to take control of it to make it centralized. Or as you said, they are trying to put a tax on it to make profits/gains. Everyone wants to get a piece of it. So when they were unable to defeat Bitcoin, they joined it. Cryptocurrency has gained a lot of popularity in the past few years. Now it is not possible to suppress it and they know it too. So, they have joined it. As the saying goes, "If you can't defeat them, join them". A perfect example of that. LOL.

Thats same thing that is actually trying to happen in my own country, though its much expected since there was a change of government because the previous government actually put a ban to crypto whereas this new government seem to approach it with a nicer view and plans on putting taxes to bitcoin transaction and before ever they would do that, they would need to uplift the ban that was impose by the previous government on bitcoin restricting users to transact bitcoin directly with your fiat banks.

The fact is that banks are powerful corporations with their own staff of IT specialists who are looking for additional ways to make money for the bank. And of course, at the time of the appearance of bitcoin, it was considered as such an opportunity. And I am sure that large (not those banks that are local) namely huge world banks invested in bitcoin without a public announcement. Money rules the world and there is no need to think that corporations should report their actions. They can often act covertly in their own interests. It can be compared with Binance, which often acts covertly, and then only in the courts information about their actions becomes widely known.

I think the banks are in the game but in another way… the banks implemented the CBDC (Central Bank Digital Currency). For the simple fact that he couldn't control Bitcoin, hence the idea of these core virtual currencies. Regarding what you said about
It seems curious to me because they could be used but maybe not in the way you think... since governments would use BTC as a payment method for trading actions that they do not want to disclose... Or well, it may be that I just want to try one way or another another to control Bitcoin… with results that are not positive at all. I would like you to share with us that banking application that you mention, the ones I know do not give me the BTC option, it intrigues me a bit.

If the banks agree to buy Bitcoin I think more investors will help accumulate the numbers. Because Bitcoin is not controlled by any owner or authority the only one who buys it (will own that piece of Bitcoin). So this change in bitcoin future is great because banks have created attention to bitcoin which is a plus point. Later on, Bitcoin futures will be dictated by the bank authorities as the number of investors increases and the Bitcoin price continues to peak overnight.

The best thing on such move will be the common man's involvement with bitcoin. Most of the time people doesn't trust something new, but it have big trust upon banks, I'm not sure on what basis is this happening. When bitcoin can be bought through banks surely it'll reach more people and they'll start investing. People who aren't much educated find this difficult to spend online. Banks helps them have a place where they can request help in person which isn't possible while using an exchange service.

Is this happening? If yes then it would really be a good thing about exposure and recognition of Bitcoins existence but if we do speak about its utility and application then going pass through banks would definitely
be removing the real essence of Bitcoins existence or actual utility. For sure for those people who doesnt have idea on what about Bitcoin is would definitely be having that kind of question and on the time that they would be able to make out some Bitcoin investments then the banks would really be still the ones who would be holding those coins or still simply means that you arent the ones who do own those coins
in the end of the line.

Sooner or later people who had invested Bitcoin would really be building up that kind of curiosity on which it would really be resulting on making up some realizations that Bitcoin isnt something that should be connected
by the banks and this is where they would be able to point out on what decentralization means.

Your point on Bitcoin's route to popularity via banks is nice. Imagine a world where Bitcoin holders don't really own their Bitcoins? Talk about irony

But lets remember, we need to walk this tightrope with care. Yes, it seems like a smooth path to mass uptake, but it might lead to central control over Bitcoin - a total antithesis to its spirit.

While banks can't be sidelined in promoting Bitcoin, we must ensure it doesn't damage its fundamental value. Lets keep Bitcoin's true essence intact

Perhaps the banks are getting into it because they want to have a census on the numbers of users who should be taxed as first example to others who should come after.

It would be a very nice thing for this to work out on the contrary, but doesn't BTC have to be a legally recognized tender before banks can initiate such an idea? I wonder!

Further more, by banks deciding to allow such investment in BTC, is this not going against what decentralization is all about?

They provide investment services, or do they invest directly in bitcoin, it won't affect bitcoin decentralization. As long as they don't control the bitcoin network, no one can make bitcoin centralized. The fact that banks enter the market does not surprise me because their purpose as well as ours is for profit. It would be foolish if they ignored the huge profits from this market. Even though they have stated against bitcoin in the past but I never believe what they say, I just look at what they do, and it's not surprising that they provide services on bitcoin and invest in it.

Taxes are a side effect of Bitcoin adoption. Banks don't start dealing with BTC to generate more tax income for the government. It's just part of any financial investment or business. The main goal of banks when offering BTC investment is profit.

Indeed they take advantage of centralization, as they work as a middleman between the investor and Bitcoin. So it's interesting for them. On the other hand, we could think investors who are investing through banks don't have enough knowledge or will to learn and invest by themselves. So banks are actually doing a favour to increase BTC adoption.

Of course they should. Bitcoin is open to everyone. It's part of being decentralized.

I don't know if they are tired of their fiat and offer bitcoin as an alternative investment offered by the bank, maybe the bank has a lot of bitcoin to be traded in its wallet, but we don't know what their goal is actually, whether they want to benefit from trade Or they want to manage Bitcoin bought by their customers, the transfer of people who trust more about banks will be easily controlled by them.

Yes, the rules of the bank's financial institution to do this need to be legal support as their foundation in operating and what things can be traded, and that is necessary for approval from the government.

Where do you take the decentralization point? If you think that the bank has a power over BTC is the same as you save your bitcoin in centralized exchange, it can be said that is a place where you can sell and buy bitcoin, bitcoin remains decentral and no one can control it that spreads widespread.

Depends on the bank of course, but this is what I suggested many many years ago. We need some sort of governmental regulation where Banks could be like crypto exchanges. Lets assume you live in USA right? You want to buy a euro, or yuan, or ruble (well maybe not those because of sanctions and all) or Japanese yen etc etc, basically you can get the currency of other nations and have it in your account, it is allowed. It is allowed in my nation too, I can get euro, dollars or anything else I want.

This is why I honestly believe that the best thing to do in this case is to make sure Banks offer the same thing as well. That way banks basically allows you to buy and sell bitcoin, doesn't have to be all coins, just bitcoin itself is enough. Only problem is, would they actually have enough bitcoin on their books as they say they do.

I don't feel bad about banks turning to cryptocurrency, rather I welcome it. Because when banks encourage people to adopt cryptocurrency, it will become more spread the more people will adopt it. As a result, the demand and market for Bitcoin will increase, which I think will be a plus point for cryptocurrency.
But if their main intention is something else, I think they won't be succeed on that, because with these steps, will spread cryptocurrency to more people and they won't even think about controlling it. Because I think Bitcoin is limited to less people, the more chances to control or flow its market flow, so its adoption increase will stop it.

No matter what banks do, they're entirely entering an entirely opposite territory of where they belong and since they couldn't do anything about it, the least they could do is impose an unimaginable fees so that they could somehow do something about it.

Yes, they do want to profit off something from it and other intention is just like the usual incidents you hear like managing their user's PKs and like the usual freezing their wallets when something that they don't like happens. As much as I appreciate their "warm" welcome with crypto, I would not buy any forms of crypto through their means.

About the question of if they should be in game, everyone has the access to crypto anyways so there's not much we could do if banks want to be part of it.

I have mixed feelings about bank involvement with citizens' Bitcoin assets, because as others also pointed out the possible centralization of their Bitcoin and possible control over the assets.

This step has a very high complication and even though it will make a push for mainstream adoption of Bitcoin and create public awareness of the advantage of using Bitcoin as an alternative but the gain of holding Bitcoin will come when the Bitcoin is held in a personal wallet and user hold the private keys because storing your Bitcoin with a third-party is a high-risk an activity at can lead to loss of your asset.

If we look at Bitcoin closely, we will discover that Bitcoin as an alternative to fiat currency has no connection with banks, and a Bitcoin holder doesn't necessarily need a bank to store Bitcoin.


So for that, the bank plays a minimal role in Bitcoin usage, which is at the point of payment/exchange.

I would never trust a centralized system when it comes to have obvious relations with a decentralized system. The design for bitcoin or other decentralized crypto assets not to have some obvious connection with centralized systems. The most these centralized systems can work for the decentralized assets is serving for a gateway or some form of exchange. Other than that, it would be difficult for users looking out for means to stay off the hook of centralized system getting to trade their crypto assets using banks.

It could have an end to it. In the long run, statements could be released in accounts involved in crypto related transactions and so will the penalty be dished out as well.

what i am seeing here is that banks are just trying to get a hold of some of their users to keep their funds within their realm. seeing that as btc will exist even without their intervention, what they can do is just join the market and offer related services to its users. it may create added credibility to the btc market particularly those non-crypto users. since banks are dipping their hand into this market, it means it is not a scam after all. hence, somehow, for me, it is also good considering this side. and when these people finally understand this market, they will surely get out their crypto funds out of the banks.

Banks are finally realizing that many people want to buy bitcoin and shutting down people's account won't benefit them at all. The banks with that way of doing business will end up like the dinosaurs did. The smart ones will just make some profit as usual. If the banks offers something is because they can make money out of it, as simple as that.

if banks do offer bitcoin investing, maybe that's good enough for people who want to invest in bitcoin but don't know how to use an exchange, or don't really trust exchanges. we know that the legality of banks that are supported by the state and also how they have full responsibility for the assets that we store there, so people might increase their level of trust in bitcoin.
Unfortunately, I think it will be difficult for banks to accept a decentralized system, especially that it has a centralized system. they probably wouldn't take the risk of the volatile rate of bitcoin rising and falling rapidly. I think that eventually quite a lot of people who are not very familiar with this investment see their money dwindling fast, or add up fast. however, if banks do get into the game, it might be a pretty good development going forward.

Banks are in for the profits and possibly banks could vecome one of the institutional investor in bitcoin if the central banks will allow that to happen, first we may not see the impact of this onnthe value of bitcoin if the bank does not have direct bond in Bitcoin if their going to just ve a third-party service provider like this new stated, the bank have little to no role in this other than being the custtody for the bitcoin and in that regards.

It will still be hard since most bitcoin holders already have the knowledge of self custodyof their bitcoin, so no one is going to use such service from the bank, and if the bank want ti participate their should make direct investment in bitcoin.

They are really indeed for profits and since these institutions are really that heavily regulated then they would be the main place on which the government would really be trying out to track everyone who did purchase out their coins on which it would really be that normal that there would be some sort of monitoring considering that they've been attached or regulated which it wouldnt really be that surprising that to those who had purchased isnt something that totally anonymous. Banks doesnt really like to miss out on making profits and this is why they have seen that crypto space does have that earning opportunity which it would be
no surprise that they would really be offering such service. Its true that this is a good add up for more exposure but in overall essence of its usage or feature is totally contradictory.

Yes, it's the business side of it, that's why Banks are scrambling right now to get their hands on bitcoin. And perhaps there is a clamour from their customers. Even the CEO of Blackrock says that they got a hit on keywords like "bitcoin", more than "covid". And that is the main reason why they applied for ETF because they know the potential profits that they are going to make.

Although for us, it's just better to be our own bank, and self custody of bitcoin. Maybe for others though, they might have to trust banks or institutions to carry for them buying and selling bitcoin.

As a business, they must satisfy their customers and have to consider to launch new products for their customers. If new products are not prohibited by government and laws, they have no reasons to make their customer disappointed. They must show that they are ready to launch new products by effort like the latest ETF application. Even if the application is rejected by SEC, they will still get good feedback and satisfaction from their loyal customers.

If they are lazy and ignore all request from customers, their customers will move to other businesses.

The very first thing that comes to my mind when I hear banks allowing their customers to make investments in Bitcoin through them is the taxation they want to put on them for doing so. They know that they can't tax everyone using centralized exchanges for buying and selling Bitcoins but if people use them as the intermediary for these sales and purchases, they can easily tax all the transactions going back and forth for Bitcoin buy and sells.

It is not something that would provide any benefits for the customers of the banks, though it will be promoted this way, we should know that they are implementing this for their own benefit, banks were never created to provide benefits to us but they use us to create revenue for their business.

even though the Bank is a trusted party, especially if the Bank is owned by the state. of course we will not doubt his reputation in financial management. but the system isn't it the same when we keep our Bitcoin in the exchange?
it is possible that Banks or government are collecting how many of their customers hold crypto assets. the state may have efforts to participate in maintaining the security of assets owned by customers. but maybe this is more towards tax income which in the future may be programmed by the government.

Banks understand that Bitcoin will never be suppressed.Banks lost customers because of Bitcoin.The profits from Bitcoins are higher than those from investing in banks, which is why customers are more attracted to Bitcoins.Banks are now forced to approve investments as Bitcoin advances day by day. Bitcoin transactions are very easy compared to banks, as we have heard many banks are on the verge of bankruptcy. But I think this will be a great addition, as ordinary people will have the opportunity to invest directly in Bitcoin.

Bitcoin was created for everyone but banks, government, and everyday people, but we all know most governments are against the decentralisation of bitcoin and with your above statement I think I find the bank suspicious because it is centralised and controlled by the government, just like In my country where the cbn asked some local exchange to flag the accounts of some crypto investors.

 However there's a saying that if you can't beat them, you join them maybe these banks have come to understand that is almost impossible to restrict people from using Bitcoin and crypto exchanges in saving and have found out that it aids a better and faster means of transaction so they decided to join. But left for me I'll rather invest or buy cryptocurrency through safe and trustworthy exchange than investing through the bank.

They will attempt to take over BTC. It's not a problem as far as I know since they are going to be using it as well. Otherwise, it will just be in their wallet. Supposedly they will also be selling their BTC when the time comes. Hard to say they can buy all the BTC supply in the market, it wouldn't be that easy but Blackrock is quite rich and they are using coinbase for their custodial.

If they all got the BTC, what would they do to it? Kill?
They had to realize there are lots of cryptos.

This is definitely good news. But the government always tries to stay one step ahead of its citizens. Governments do not have accurate data on crypto users due to the inability to invest in the crypto market using banks, resulting in no restrictions being imposed on those crypto investors. Now when crypto users invest in crypto markets using bank accounts, the government will have that investor's information and see how they can be taxed. On the other hand, investing in crypto through banks means increasing the number of investors in the crypto market. Which is definitely good for the crypto market.

I hope that the bank will treat crypto users well and not bother crypto users by keeping the various rules and regulations in place.

Banks always want to control the flow of money in their system, maybe they will control bitcoin by investing in it, they also asked instead of banning us to pay taxes when owning bitcoins

Though the banks are with full of flaws, it have gained the trust of common people as it serves as the primary source through which they were able to do their transaction, savings, investment, and different schemes. A person introducing about bitcoin and a person working in a bank explaining about bitcoin have got difference. Those people will show the advantageous part of bitcoin whereas a common bitcoiner explain the risks too. Anyhow this is really a big thing and much needed one to reach the bottom people.

You made a good argument regarding people's faith in conventional banking despite its shortcomings. It's understandable. Banks have provided financial services and security for ages. Bitcoin is a decentralized, peer-to-peer financial system that supplements conventional banking. It might offer global financial inclusion to marginalized populations.

Bankers and Bitcoin users see things differently. A ordinary Bitcoin user would highlight the dangers, whereas a banker would emphasize the rewards. Decision-making requires this balance of information. Bitcoin's full potential requires our cooperation. To help the public comprehend and embrace Bitcoin, we should disclose its advantages and hazards.

It's good that banks are starting to accept bitcoin and are offering it already to their customers. In my country, there are already banks that are also offering the same while some banks are doing it thru their other platforms.

And yes OP, it is possible that governments can collect taxes from these banks and companies, and in return, they can impose fees on their customers. Just like our local stock market here. Every time you make a trade there will be fees and tax.

I can only hope though that local exchanges and banks offer competitive rates. Most here in my country has 3% to 5% spreads and that hurts a lot. And also tax should be low just like in our local stock market which is less than 1%.

If you asked me, I would say this is a clever strategy by the banks and the people who have executive ranks in those banks, they would make people believe they (the people/the clients) have actual ownership over the Bitcoin offered, when in reality in most of the cases Banks will continue to have control over the capital invested.

It is like a new way to catch the attention of clients, taking advantage of the popularity and growing adoption of BTC

No, I do not think banks should enter the Bitcoin economy or be involved in Bitcoin. I think this for the following reasons:
- They originally set out to destroy it. Now they want to profit from it. I can only see a sinister motive alongside profit, not one that will aid Bitcoin and its growth/ecosystem.
- Centralized trades and thus reduced activity from decentralized exchanges, and enforcing their own custody solutions (which is dangerous for user security)
- Tracking coins withdrawn from their facilities will be extensive (if coins can even be moved out of bank custody to begin with!)
- Bitcoin is only a hedge against fiat money which THEY destroyed!

Central banks and their subsidiaries being involved with Bitcoin will not do any good for the ecosystem in the long run.

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To mods: My original post was deleted. I have enhanced my post and its reasoning. If it is removed this time, I would like an explanation as to why it is removed. I do not see any reason why it was removed as it was.

A recent example with the Kraken exchange showed that, if necessary, an IRS can obtain any information about users, about their accounts, transactions, and everything that the exchange owns.

If banks provide provide services for the storage and deposits of cryptocurrencies, then a people will contact the bank consciously, they will provide their data to the bank, by his own consent, and this is normal, but it is not normal to demand personal data from exchanges without the consent of users.

I agree that in the long run this can significantly increase the number of contributors who will be more willing to buy bitcoin, which of course will have a very positive impact on adoption. Initially, bitcoin was supposed to be a tool against banks, but it seems that the system will be able to regulate everything.

This is what i think, banks entering the Bitcoin space can be seen from different angles. On one hand, their endorsement and integration of Bitcoin services could indicate growing acceptance and adoption of cryptocurrencies. This can potentially lead to increased mainstream recognition and accessibility for users.

However, it's crucial to maintain a cautious approach. Banks have traditionally been part of centralized financial systems, and their involvement in the cryptocurrency space may raise questions about control and regulation. It's important to ensure that the core principles of decentralization and financial freedom are preserved.

Ultimately, whether banks should be in the Bitcoin game is a subjective matter. It's beneficial to keep an eye on their actions, policies, and potential impact on the ecosystem. Continued discussions, regulatory scrutiny, and the active participation of the cryptocurrency community will play a vital role in shaping the future dynamics between banks and Bitcoin.

The world is changing and technology is improving day by day, which Bank can't stop Bitcoin precisely, but to adopt Bitcoin and other alt-coins in cryptocurrency market towards the banking system as long the internet exist and is a Matter of time, therefore Bank are in business, while adding cryptocurrency into the system we add advantage and profitable to bank's, because of transaction fees or charge. So I strongly believe that one day Bitcoin will be accepted as a means of payment to every cryptocurrency users as an open business.

I have never heard of any bank being able to control Bitcoin because Bitcoin is not the same as fiat money which basically can be controlled more easily by the Bank. Likewise for the problem of taxes on those who own Bitcoin, because as long as the state has not recognized Bitcoin as a good asset, who should we pay taxes to if one day we have more Bitcoin?

Because every tax quoted by the state is always clear and also precise, such as taxes on vehicles, companies and other assets such as buildings. Now, as for Bitcoin itself, to whom should we distribute the tax? Because not only have I never seen anyone pay taxes because he has more Bitcoins, I also don't know how the state will accept Bitcoins when the taxes are paid in Bitcoins.

The popularity of Bitcoin today is already so great, with its decentralized nature, Bitcoin is very difficult to be regulated by a group of people who want to use Bitcoin including banks, maybe their current involvement in Bitcoin because they know the many benefits they will get later, so that currently many banks offer investment in the form of Bitcoin, I think they are also like us who want to seek profit only and not for negative purposes, from here they can also get more customers because there are more and more involved in the crypto world.

As you know, a bank always avoids engaging in risky activities with its customers funds because it cannot undertake speculative investments. This is because cryptocurrency is Decentralized, so banks cannot engage in such activities. Every bank has its own rules and policies, Primarily designed to protect customers. Banks ensure liquidity and security for their customers. Still investing in Bitcoin is considered risky. If a bank wants to offer Bitcoin investment, They will apply their principles and regulations, Such as managing risk through careful evaluation, and then they may propose Bitcoin investment to their customers.

Until the coast is completely clear, I want to remain skeptical about the whole bank-offering Bitcoin thing. I don't want to see it as a "If you can't beat them you join them" situation since Bitcoin has continued to gain more attention unlike before. It could still be a trap to frustrate Bitcoin fans for all I know. I wouldn't buy Bitcoin through any bank in my country if banks decide to sell it. It's the same way I want others in countries where banks offer Bitcoin sale. Exchanges and P2P are there for anyone to buy from, not from one of Bitcoin's perceived big rivals.

Banks were the centralized medium, but the usage of banks will help a lot in the progress of bitcoin adoption and support large scale usage. Whenever something is handled by banks it easily gains the trust. Banks have been termed to be a failed system, maybe they lack some essentials as well as take control of user funds. However the goodness it have provided to the people and to the countries were very big. This time the banks supporting bitcoin is a big positive move forward.

Lots of people would be skeptical specially to those who are really that supporting cryptocurrencies on which really that been here for that decentralization and anonymity.For those institutions or regulated firms and

whatsoever who had been deciding on taking up some involvement or getting in connection with Bitcoin or crypto space then it cant really be avoided that people who do mainly support crypto would really be having those doubts and assuming that there's something with this kind of of plans or steps that they had made. We know that BItcoin/crypto is totally that contradicting on what Banks do offer which we know that
these institutions does much prefer those traditional things but now they've seen that the trend is like this then they would be tending to go with the flow.

Yes, they could but the trust cant really be totally be put up on what those service that they are offering. People would really be that skeptical and would be still storing up their coins on their own wallets
and would really be buying p2p for having no trace.

In a way you could be overthinking it and on another note your fear could be something to really look into. Nonetheless, some countries are beginning to embrace Bitcoin and as such making rules that foster citizens using Bitcoin as means of transactions through bank portals...you should actually look into the policies behind the usage of bitcoin as means of transacting in any of the banks and how the banking rules affect or correlate with decentralization which is the aim of this Bitcoin...as long as the intentions and countries regulations towards usage of bitcoin is not trying to 'be in charge' or bringing Bitcoin to be ruled by the government like a form of centralization then it's okay you don't have to worry. As regards the taxation of Bitcoin investments through bank accounts, government policies and regulations differ from country to country. Taxation policies are typically aimed at ensuring compliance and fairness in the financial system. It is possible that governments may introduce regulations to monitor and tax cryptocurrency transactions, including those made through bank accounts. However, specific policies and approaches can vary significantly, and it is essential to consult local tax authorities or financial experts for accurate information on your jurisdiction's regulations.
Overall,  the question of whether banks should be involved in the cryptocurrency market is subjective and can depend on individual perspectives. Some argue that their involvement can bring legitimacy, stability, and improved accessibility to the market, while others express concerns about control and centralization. As the cryptocurrency landscape continues to evolve, it is important to monitor government policies, regulatory developments, and the total impact on the financial community to form an informed opinion

In my opinion, bank involvement in Bitcoin and cryptocurrencies can have several benefits. For example, with crypto exchanges through banking applications, business users can get easy access and security in investing. In addition, with proper regulation, the system can also assist the government in taxing companies that invest in Bitcoin through bank accounts.

good things always happen if it is as you say, by involving the banking sector for every crypto transaction[bitcoin/altcoin].
if the bank is involved, at least there is an attempt by the government authorities to be able to control every transaction, so that there are no irregularities that can be misused in every transaction.
besides of course customers will also get convenience in using every transaction in banking, banks can attract crypto investments in banks.
of course it's true, apart from mutual benefit between banks and investors, the government will have the convenience of being able to collect taxes from every transaction made, of course this will add to its own profit income.

Banks are going to try and do whatever it takes to stay a float, or a head of the game, so to speak. If they see or discover an opportunity to be able to add another service that fits in pretty well with their business model, then they are likely to do so. People still trust banks, whether they should or not, so for the banks themselves this makes a lot of sense of what not to miss out on (another way to make money).

Banks will try to get as many more customers as possible and they don't care, if law does not prohibit, if a product serves Bitcoin and cryptocurrency users.

If you (I am talking about newbies, not ChiBitCTy) use such middle service from banks to access Bitcoin investment, you will allow banks to trace your investment history. KYC is another problem with people who care about their privacy they will look for other options, not with banks and bank products.

If you don't care about privacy, you can go with bank products if you can actually get bitcoin after using bank to buy it. If they only credit a number of bitcoin for your bank account and you can not withdraw it, don't use such products.

In fact, it is the banks themselves who abuse the authority over the rights of the money we keep in them. This will lead to financial manipulation by providing digital transactions without fiat money and this case has already happened in America, they themselves also want to play the blockchain system for the bank's own benefit.

Eventually, when global adoption finally happens, then there’s no stopping from these banks and other centralized financial institutions to accept bitcoin because it’s no longer a tool for investment alone but a co-currency to fiat. So whether we like it or not, bitcoin will be regulated by these banks which I think also creates a disadvantage on us. But hey, anonymity should never be an issue anymore as KYC will surely be imposed for good. If we want to see bitcoin increases it’s use case, then let’s accept the reality that banks will be part of its development.

Banking system try to suppress the bitcoin over a decade,but it was not possible one.Because the bitcoin had root the world economy now.Most of the people from various country had their investment in the bitcoin and other cryptocurrency.So the economy activities was purely depend on the cryptocurrency now.Most of the big shot had their money in the cryptocurrency,Elon was the big example for this.He made the huge influence on the doge coin.Doge coin  had huge investment for certain period of time.

People were looking for better things from the traditional money. The same have made people to go towards bitcoin and other investments. Bitcoin investment is always the best and people should have the patience to enjoy the goodness out of bitcoin. This doesn't happen with people who who lack the market movements as well as the people who lack knowledge about bitcoin. Now the awareness and education have given space for people to be aware and hard users of bitcoin. This is why banks have begun and the understood that delaying the acceptance would cost them big

Whether they would really be engaging it early or late, it wont really be still that changing a thing because even if they would be integrating Bitcoin investment or storage, then i dont really believe that

people would really be longing with this kind of offering or feature for these banks to have. We do know that people who do love and appreciate Bitcoins anonymity and decentralization wouldn't really be looking on trying out to make use or would really be adopting if in case that banks would really be having this kind of offering or feature which it would really be just that still useless knowing on how
centralized or heavily regulated these institutions are which would really be entirely removing the essence of Bitcoins characteristics or purpose in the first place.

Well, there might be still some crypto supporters or enthusiast would really be tending out to make use for this one in planning to have at least that safe keeping but in overall
it is really just that contradictory.

Direct involvement is possible, but we can guess what banks will do with cryptocurrencies.
They never like anyone to compete with them with instruments that are transparent and do not have full control.
Remember that banks are under the government and the government should have all the control.

So there is nothing to expect in integration with banks, as it will only lead us to the rule of existing institutions.
That would remove the essence of Bitcoin's decentralized characteristics.

yes, I agree with this. banks will do all kinds of ways to keep them leading, even they will accept investments that even go against the system they have. It's just that, I think, not all banks will do that, and maybe will do some trials in a few places. If it was really profitable, then other places would follow suit, but if it didn't they might think it was a bad investment.
In fact, so far I haven't seen a national or private bank in my area that supports investing in bitcoin.

Banks are also a business organization, and what they care most about is money, they are just like us so it is not surprising that they are also in this game. But surely they will have more favorable regulations for them and if those who accept to use their services, they must follow the rules of the game they set.

Currently, there aren't too many banks that do this, but you'll soon see. They haven't offered this service yet because they haven't figured out how to get the most benefit out of them. But once they figure a way, you'll see banks that offer bitcoin investments becoming popular.

Well to be honest, here in our country there are other banks that will gradually be open to cryptocurrency or Bitcoin, I remember before when I applied for an open account and I was asked what my source of income was when I said that Bitcoin up trading or cyptocurrency they did not immediately allow me to open an account even though I had money with me.

But now the bank I'm referring to I found out that they allow Bitcoin or crypto enthusiasts to open an account. I just laughed when I found out, I thought that there was nothing they could do but go with the flow of the water or else they would be abandoned or even closed if they didn't do it.

These banks are really kind to "offer" us Bitcoin services, don't they? attempting to attach the unruly horse known as Bitcoin to the unwieldy cart of conventional banking. Well done! The fundamental charm of Bitcoin lies in its independence from established organizations and their deceptive methods. For the "safety" of a bank, who in their right mind would voluntarily give up the very thing that makes Bitcoin special? Its a pathetic attempt by banks to remain relevant in a world that is changing quickly without them, and its incredibly ironic. Keep in your lane, banks!

Yes. Currently, the presence of banks also plays an important role in the world of money market, I will give a small example, if someone wants to trade on the stock exchange, where all the rules he has followed. for example, for deposit, of course he will look for which bank is recommended on the platform he has registered. Then he sent some fiat to the account and entered his trading account. then he bought some coins he likes for example BTC and for wd too. Well, here the Bank also has an advantage too because at the end of the year they know the total amount of funds that have stopped by on their platform, both from the public or crypto users of course.

So for a bank that wants to be more involved although there's implied to get some kind of control that then pushes it to become more centralized in some ways I think it's a bit less straightforward there's a lot of looking back on meaning adaptation is needed to align with the digital finance ecosystem and governance which ultimately also maintains financial system stability.

When the government decided to accept bitcoin in the banks, first and foremost, investors should be aware that the whole bitcoin investment scenario will be a lot different. Anonymity will never be given emphasis anymore, and that banks personnel will now impose KYC strictly leading them to have an access on our bitcoin account. That may be quite unfair for us but what else can we do, that’s part of global crypto adoption. So instead of regretting, maybe let’s just be grateful and accept the reality that banks will never be obsolete and that they will still be part of crypto adoption. However, this is also a good thing because the number of crypto users and investors will surely create a speed increase.

I really don't see a big difference: nowadays, if you want to buy cryptocurrencies using some exchange, you are already required to submit all your documentation, the countries don't let exchanges operate without knowing who is buying cryptos using fiat. I think that maybe few exchanges don't require KYC just if you do trades crypto-crypto, so no fiat involved. Anyway I would never purchase cryptos using a bank, there is no point in doing that and for sure they would apply crazy commissions.

Yes, now banks have begun to publicly admit that they approve of bitcoin, but this has not always been the case. Previously, they, like all large financial funds, as well as rich and influential people, said that bitcoin is just a toy that has no value. But over time, all of them, including banks, realized that they could do nothing with the number one cryptocurrency and decided that they needed to publicly approve it, because otherwise they would all seem stupid, denying the obvious advantages of bitcoin.

But in terms of investing: I am sure that they (banks and financial institutes) have always invested in bitcoin, almost from the day it appeared.
Why? So that all these influential sharks of the financial business do not speak publicly, but they always perfectly see the potential of financial instruments, including bitcoin.

I think that list of banks only exists in a few countries that are far from my area if anyone invests in crypto. So far, banks in my country will never provide services to crypto. Because they will deal with the government that has banned it. Although until now crypto cannot be separated from dealing with banks in matters of exchange to fiat money as a transaction tool that I use every day. Although I feel happy with if the Bank starts to enter crypto, it means that the Bank has begun to believe that crypto can give them profits. This can be said to be increasing confidence in Crypto.   

Some banks have not approved anything like Bitcoin because it is unlawful in the country, and banks have no interest in Bitcoin. since he has no control over them. But, as I see it now, Bitcoin will emerge as the finest in the world, and everyone will want to invest in it since it is the best right now. Even in countries where Bitcoin or other crypto currencies are not permitted, people invest in Bitcoin in secret. Some people claim that Bitcoin has no value, which I believe is due to a lack of knowledge regarding Bitcoin and the benefits of BTC.

Currently, banks are mainly authorized to invest in Bitcoin. We have seen that at one time banks had to work against Bitcoin but could not suppress Bitcoin which is why they are now interested in investing in Bitcoin. But now bitcoin has gained so much popularity that it is easy to do transactions by bitcoin in almost all cases and payments are done by crypto from banks. Since central banks currently accept Bitcoin and can make money by investing in Bitcoin, we can have more confidence in Bitcoin. Because investing in bitcoins is not risky but it will be profitable if you hold it for a long time. And the offers that the banks currently make to traders are good but it is hard to say whether they will enter the market with the intention of making a profit, but the banks are currently investing in Bitcoin and they are making a profit.

Maybe that's not surprising, we know that there will be an opportunity like that when a bank can no longer afford what for them is a heavy competitor, their last option is to ride the trend so they don't go bankrupt or sink into the late

Because other banks think that they are competing with Bitcoin or cryptocurrency, others don't know that Bitcoin or cryptocurrency can actually help their business, it's actually a win-win solution for them.

Banks do not primarily function as investors; however, they do extend opportunities to their clients keen on venturing into the realm of Bitcoin investments. The pivotal question, though, revolves around whether the bank itself genuinely intends to pave the way for clientele interested in Bitcoin investments, or if it merely aspires to uphold a centralized role in orchestrating the flow of client activity concerning Bitcoin investment.

Naturally, none of us would relish the prospect of the bank assuming a tertiary position, especially given its history of frequently casting shadows over Bitcoin. In fact, in most parts of the world, banks have yet to fully embrace Bitcoin.

Should a bank opt to invest in Bitcoin, it might not pose a significant quandary. The true concern emerges if the bank chooses to monetize its clients' investment activities.

Well, BTC is highly volatile, so I don't think it's a good idea, otherwise you plan to hold it. However, I'm not a big fan of banks. So, my answer is no

as at today we have bank who use cryptocurrency and are known as crypto friendly bank these banks allows their customers to engage in such activities of buying and selling and holding cryptocurency transaction and related activities for a long time majority of established  organization such as bank and corpration and government viewed cryptocurrency and blockchain with skepticism but today the reverse is the case

Yes Bitcoin is the best option for investment. Because long-term investment in Bitcoin offers high returns. Also Bitcoin is going to get rich again i.e. it will make ATH value of 100k so I think investing in Bitcoin is the best investment option now.

@OP, you need to remember that Bitcoin was designed that it can't be changed by banks and banks buying or offering Bitcoin doesn't change anything in Bitcoin's functionality.
Important is to keep your coins off exchanges, note down your private key and if so, it's your Bitcoin and you can spend it whenever you like. Important is to have your private key.

Banks trying to gain something from Bitcoin is just what would happen normally anyways. Everyone will try to profit from Bitcoin and that's also a good thing (game theory). Even if someone doesn't like Bitcoin at all, it's profitable to hold. And after all, profits are important for banks or investors.

because the main goal of banks is to pursue profits, it is possible that they have other intentions behind bitcoin, currently the growth of bitcoin users every day is quite large besides user growth, the velocity of money in bitcoin trading is also very large every day and banks must see this phenomenon as something they can't miss, instead of fighting something that can't be stopped, why not use it to attract support to attract more profits (that's their plan imo), in the future we don't know what will happen, currently many banks reserve gold in their vaults, maybe later they will reserve bitcoin in their private wallets.

I agree with you that Bitcoin is the best investment. Basically I am interested in almost all types of investment including bitcoin. Specifically, I initially bought bitcoin for short-term daily trading and had not thought about the long term. However, the drop in bitcoin prices at that time forced me to suffer serious losses. However, with full confidence I waited for the price of bitcoin to rise and considered the loss at that time as an investment risk. And when this was all proven, I made a lot of profit when the price of bitcoin rose sharply unexpectedly.

So the reason I was interested in bitcoin was at first to try it, but I was quite confident about bitcoin's prospects in the future.

Later this saying will eventually be the order of the day @if you can't beat them you join them. The opportunity that Bitcoin bring to the business world is certainly enormous and only those that are smart enough can know this and utilitize the opportunity that it present. Some bank are actually aware and willing to let go of the ego and straps in to the wonderful opportunity that Bitcoin can give to their business.

If we are new to Bitcoin and we trade, of course it will be very difficult for us to make a profit from the trading we do, but it would be better for us to hold it for a long period of time to be able to get a profit from the investment we make in Bitcoin and We can also use the strategy we like in collecting Bitcoin and we must be able to do it consistently.

Really, you have had a good experience in getting to know Bitcoin and it has also been a lesson for you not to repeat the mistakes you have made, when you believe Bitcoin is a good investment for you then you will not be influenced by anything in holding Bitcoin as a long-term investment long you do and you can also enjoy the benefits of the investment.

I agree with you. That's not a good idea, unless the bank becomes an exchange that profits from transactions within it. But I also think it's still not good because banks have centralized finance combined with a decentralized financial system whose prices are controlled by the market. So I think what makes the most sense is to create a new, different company to run the business.