The American Bankers Association (ABA) with cryptocurrency companies.

[fuguebtc]

The American Bankers Association (ABA) encourages US banks to partner with cryptocurrency companies.
The 20-page report provides detailed analysis of cryptocurrencies, including glossary,cryptocurrencies activities with banking products and services.
The ABA also suggests crypto use cases for banks with revenue models and regulatory issues for each use case.
1. Store of Value - Buy/Sell Service
2. Custody / Wallet Provider
3.Interest Bearing Accounts
4. Lending
5. Payment
6.Exchange Trading
7.Broker-dealer
8.Network utility
9.Insurance
10.Asset Management
source: forbes
Understanding Cryptocurrency by ABA: https://www.aba.com/news-research/research-analysis/understanding-cryptocurrency

[avikz]

It's great to hear that at least one banking association has spoken positively about cryptocurrency. Because in most of the other countries, banking lobby is constantly pushing the government to impose a blanket ban on cryptos. In my monthly newsletter I received from my bank, inevitably mentions about the high risk of cryptocurrency and 10 reason why should everyone avoid it.

So it's really great to know at least smart bankers are thinking out-of-the-box and talking about the benefits of crypto adoption.

[Kittygalore]

It's great to hear that at least one banking association has spoken positively about cryptocurrency. Because in most of the other countries, banking lobby is constantly pushing the government to impose a blanket ban on cryptos. In my monthly newsletter I received from my bank, inevitably mentions about the high risk of cryptocurrency and 10 reason why should everyone avoid it.

So it's really great to know at least smart bankers are thinking out-of-the-box and talking about the benefits of crypto adoption.

Probably they're up to something again, I can't trust bankers, I know that behind this support, there's a possibility that it's going to be a big interest that they have. I wouldn't really see it as a good news for now unless they're really sincere with the support which is unlikely thing to happen.

[The Cryptovator]

It's not surprising from developed countries. Because they realize the potential value of cryptocurrency. Definitely, this is positive initiative from a bank association like the US. Sadly a few developing countries still can't realize the potentiality of Bitcoin. A few days back my central bank published a notice where they stated clearly any cryptocurrency trading is illegal. Actually, they should learn from developed countries, but instead, they wondering to ban strongly.

[NeuroticFish]

The American Bankers Association (ABA) encourages US banks to partner with cryptocurrency companies.

This is an interesting... turn of events. I don't know if I should be happy (since this is bullish) or wary (because banks are.. banks). Probably both.
I'm curious what will FED say and the banks (central and commercial) over the world, since I expect a huge majority just follow whatever US banks do.

[dothebeats]

It's great to hear that at least one banking association has spoken positively about cryptocurrency. Because in most of the other countries, banking lobby is constantly pushing the government to impose a blanket ban on cryptos. In my monthly newsletter I received from my bank, inevitably mentions about the high risk of cryptocurrency and 10 reason why should everyone avoid it.

So it's really great to know at least smart bankers are thinking out-of-the-box and talking about the benefits of crypto adoption.

My bank is pro-cryptocurrencies, and have received at least one newsletter regarding bitcoin and the future of cryptocurrencies. I just hope they don't change their stance once they see that it could literally phase out their business model, although I have reason to believe that they will just introduce another crypto service integrated on top of their current banking services, and it shouldn't hurt what they're currently offering right now.

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ABA has their eyes set on the positives of crypto while the rest of the banks in the industry are persecuting crypto as if they're a spawn of the devil. If a banking association sees good in crypto, it means that there really is worth noting on the new tech that can be utilized by a lot of people, even if that in itself contradicts their business model.