When will banks start a war against bitcoin

[buharikx31]

I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?

In my opinion banks would try to make their own blockchain related system which are not decentralized, but with centralized office we already have one of those coins at market Ripple which controled by banks and they are using this coins to make transfers between users, it's good is somebody intrested at centralized blockain systems

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[Ponzi Shame]

The banks already started the war against bitcoins, several of them are closing or blocking exchanges accounts, its funny that exchanges are providing the banks a lot transactions and fees with the service provided to trade crypto currencies, but they are scared since the volume are growing always. At the place where i do live now they had recently closed the account of one exchange already, they are starting to see the power crypto currencies has and are scared.

[furry04]

It can happen whenever crypto markets and banks would have a conflict of interest and when banks will experience loses in their brands than it will start.

[keykey1]

I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?

When the author of this thread think about the war between banks and Bitcoin, another cryptocurrency Ripple on a wide scale organize cooperation with banks in Japan. Maybe they postponed successful experience on the neighboring countries.

[bisnisali16]

In my opinion, should this problem not be used as a war material, we can solve this problem by way of deliberation, Remember, in this world there are 2 worlds that is virtual and real world, let bitcoin live and victorious in its own habitat is cyberspace, and money will remain triumphant in the real world. Very strange if bitcoin will beat money in all things payment.

[Zorrog]

I live in Asia and it has been easy for me to send and receive my local currency to and from the exchange that I use to purchase crypto. I also believe that the banks will begin to fight back and they may start blocking transfers to exchanges even in my country. It's interesting that there was a major news story a couple days ago on the national TV here warning people to be very careful when buying Bitcoin and that they can lose a lot of money etc. etc.

They are doing what they always do to control the people...scaring them.

So they won't make it illegal to trade crypto. They will make it impossible to get fiat money to and from exchanges. The USA did this with online gambling. They realized that they were losing billions in taxation from the unregulated online casinos and poker sites so they came out with the UIGEA(which they passed in a very underhanded way). Then they actively prosecuted any institution that enabled money transfers to and from gambling sites. It was very effective. You can't escape from the DOJ. Online poker in the USA dried up overnight.

Even now they are attacking day/swing traders in the USA. They have come out with retarded tax laws that force people to calculate income tax after every trade and every transfer. This makes it an absolute nightmare for a trader to report their taxes properly. So if they cannot stop people using crypto they can attack from other angles.

[regnidorhcs]

I do not know the exact time that banks will start against Bitcoin but it is possible to have a war between Bitcoin and banks because the will will turn to a bankrupt state and turn in closing the  business.

[AndreyBelts]

I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?

I have worked in banks more than 20 years.
And I see no reason to banks to wage war against bitcoin.
Perhaps certain states will lead this war by hands of banks.
But the bitcoin (and cryptocurrencies which have followed it) are favorable to banks. For war there are no reasons.

[megalith07]

I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?

I think not all banks are against BTC. Different banks are private and not ownership by government. On the off chance that the BTC will go higher request by the general population possibly different banks will redesign their administrations to acknowledge BTC. Continuously danger is the administration they need to charge some expenses to the players of BTC.

[SanjeewaCrypto]

But I think banks should not go for a war against bitcoin or any other CryptoCurrency but they should adopt it as a way of making financial transactions in the financial arena. Otherwise, they will find a similar fate as the traditional telecommunication operators who lost their way by seeing the Over-The-Top (OTT) players such as Viber, Whatsapp, etc. as their enemies without looking at the positive side of adopting and providing their own OTT solutions.

[zemb]

I think they are preparing a strategy to destroy bitcoin, their early stages forbidding bitcoin in their respective countries, and then we'll see what happens.

[GideonGono]

It will really happen that banks will complain because of the loss of their investors. It definitely has a huge impact on the bank and it is certain that the government will take action to prevent it. Hopefully if this happens then it will be fair and the government will not stop the use of bitcoins. Hopefully they will do something that can be solved here and hopefully accept them by banks. To become a partner of bitcoins the banks and we continuously in progress.

[geoff.b78]

This can happen in the future, but let’s face it: banks are controlled by the governments and if governments make up their minds to go against Bitcoin then a war can be expected.

[congtuan001122asd]

When bitcoin grows, it affects the interests of the bank. The number of users who use Bitcoin pay rather than using the services of the bank. Banks started to fight the bitcoins, preventing the development of bitcoin.

[ramini]

When there will be no one trusts them anymore. When no one deposits money to them. But, will that really happen? I think banks will just adopt the blockchain technology to give the service that people find crypto interesting. Still that is so hard since banks are controlled by the government. I see war on government against Bitcoin rather than banks.

[shaheer001]

Banks are worry but they are helpless as Bitcoin is and will never get help from banking system as Bitcoin is decentralized network but some ugly and jealous people are trying to make it doubtful.

[Meandros555]

Blockchain technology (and hence cryptocurrencies) is a big revolution, a reality and is here to stay.
Banks and countries (ie politicians) woke up to this and they want to make profits too ( a slice of the pie). Hence they will probably create their own cryptos (as we have already heard from a few).

Therefore alts will also exist, and also cryptos that offer anonymity too.

[adjudicator]

I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?

I think if they do that thing it can start a war against the bitcoin users and the banks but I think it will not happen but rather the banks can be innovated and make a thing in their system that may use bitcoin so that they can be inclined to the reality.

[greenbitsgm]

I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?

Bank will not do such accusation against Bitcoin,but government will or people who's business is affected by Bitcoin. In my opinion it is very remote that bank will try to undermine the existence of Bitcoin.I don't see bitcoin interferring with the business of bank but instead i see bank finding ways how Bitcoin can be beneficial to them.
I read an article written way back in 2016 how bank can save billions of dollars by adopting this "blockchain technology"used by Bitcoin,which can revolutionize the banking system.By utilizing "blockchain technology" it improves efficiency,facilitate faster transactions,limiting cost and diminished human error.
Some big banks has already shown interest and further studies are already underway for the prospect of using this technology.

[ZapXios]

I dont think that Banks and Cryptocurrency will start a war furthermore i think it will best fit if the two merge, collaborate and expand together because it will bring more opportunity for all.