Whether this is good news or not, a worse situation is happening in the US, where it's being proposed that Americans are going to be under even more financial surveillance. Nancy Pelosi and her cadres are planning on having the IRS looking into bank accounts with more than $600 in them, and having them watch PayPal transactions and so forth. And you'd better believe the banks are going to be in on that, so regardless of what they do with cryptocurrency, we're in trouble if the democrats stay in power.
I would not be surprised if banks begin to provide their services to individuals using only their own wallet, from which, of course, you will not have the keys. I think there will be something similar that PayPal is currently developing. Own digital harvester, in which you can store cryptocurrencies, pay bills, and more. And I will not be surprised if banks start to release educational materials regarding cryptocurrencies and their storage, as did the same PayPal. PayPal is the perfect example of how not to do it.
Binance or Coinbase doesn't give me the keys neither, but I trust them to keep my coins without a problem. If Bank of America does the same thing then I am pretty sure that I would be able to do the same for them as well. Not that I am American, so I can't use bank of america because they do not work within my nation, however if I was American I would use them, or if the bank I am using right now decides to be working like an exchange or even just a wallet then I may end up using that one. They would have much better security, it is a trillion dollar industry that is why it makes sense for us to get something decent and that is why it is definitely something I would be willing to use.
I am not saying that it is something that I would be against. I mean let the situation grow first, let's see what they are doing and if they are doing something fine then we would all be fine with it as well, if it is bad then we will avoid it.
