When will banks start a war against bitcoin

[cmaxwell]

with the way bitcoin is trending, financial world will gradually key into it. the economy of some countries are gradually leveraging in this

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[Wong Goblog]

Seems to have started, early this year many bank owners who provide criticism and negative predictions about bitcoin, with the power of their money publish to various economic news.

[Joylee]

The war is already started, Putin declared and so did the banks, Mastercard is already doing something with the blockchain and if they succeed it can hurt bitcoin in the end.

[icanscript]

2018 will be the year of the struggle of the banking system with the crypto system. The Australian, Indian, American, etc.
banks began to become aware of the threat of crypto-currencies. The governments of the G20, in May, are going to negotiate measures to counter crypto-economics.

[lenarichi]

At the moment, it seems that on the horizon the banking system can see two courses. Banks can begin to work within the framework of a new, constantly developing direction of digital money. In this case, for starters, they need recognition of the fact of changing financial technologies and the adoption of this concept. Or the banks can continue to function under the old system. Ultimately, we are more likely to see how different banks choose different paths of development, depending on their attitude to such destructive technologies as bitcoin.But it must be taken into account that bank innovations in the sphere of financial services as a result of the influence of bitcoins will occur, most likely, after some time. The processes of changes in the banking industry are extremely slow and balanced. All this is connected with the risks in relation to the possible profit. Financial institutions do not have the ability to fail quickly, which is very typical in the case of entrepreneurial or start-up activities. This is the stage that startups would prefer to start bitcoins in order to develop products and services, but this is not entirely realistic.

[alexsamudra]

which will be fighting with bitcoin is a bank, because banks have long not received bitcoin in its introduction in crypto currency. you see the person who is associated with the bank associated with the crypto currency then all will be negative for them. there will even be a bank that will receive bitcoin in crypto currency then the bank will accept the inevitability of its existence. this case makes the bank banks look for profits also from the crypto currency in the currency exchange.

[Beymax08]

The war on cryptocurrencies had just begun. In early febraury 2017 theres already bitcoin war. Because bitcoin became popular and it attracts many fresh bitcoin investors. Bitcoin became a threath. Banks can not stop bitcoin and they have a big fear on it.

[First77]

Top banks suspend accounts of major Bitcoin exchanges in India 

MUMBAI: Top lenders including State Bank of India, Axis BankBSE 1.12 %, HDFC BankBSE 1.00 %, ICICI Bank and Yes Bank have suspended some accounts of major Bitcoin exchanges in India, suspecting dubious transactions, three people aware of the development said.

The banks have also sought additional collateral from the promoters of these exchanges on their borrowings and have capped cash withdrawals from the few accounts that are still operational.

The banks are scrutinising current accounts held by top Bitcoin exchanges, a second person said. Action has been initiated against the top 10 Bitcoin exchanges including Zebpay, Unocoin, CoinSecure and BtcxIndia, said four people aware of the matter.

https://economictimes.indiatimes.com

[alibaba93]

if bitcoin is accepted internationally. the bank will collapse. That is a natural thing, so the bank must stand against bitcoin. However, the advantage lies in bitcoin. It's hard to talk about results

[Ponzi Shame]

I think bitcoin is a great competition for the banks because no longer can they not pay us interest and have us store our money their just because it is more secure to store it at a bank then a house. Bitcoin changes this because it is more secure at the house now since you can password protect a paper wallet, and make copies to store at your work, school home etc.

[amitkumratra]

I think the war of crypto was start with banks. Banks were threatened if Bitcoin popularity is growing day by day in this manner. Then who came to bank for any transactions. Peoples were transfer there money from one place to the any corner of the world with low transaction charges and without any problem. So due to that reason some banks already stops the payment of bitcoin exchanges. And they start fight with Bitcoin or other crypto currencies exchanges.

[anitaraymonds]

It is already happening even now. I think the banks and their owners are trying to use this sentiment for the world government to ban bitcoin. It will not work for them as not all the governments are avers to bitcoin and the cryptocurrencies. Instead of the banks to see who they can be part of blockchain tech they are fighting it.

[xitrum]

Banks do not like bitcoin. Once the bitcoin is accepted internationally, the bank will be eliminated, there will be no need for a third party to control its currency. just need a key to enter the wallet address.

[Itjoker]

Why banks should start war against bitcoin? When they can just make huge profit on it. I think they would not start war against it, but they (or conglamerates of banks) would manipulate with it through their big capital.

[Karie_Legend]

Instead of starting a war against it, banks should start investing in it, and try to get a piece of the pie.

It's a sensible way to get a little profit for them and pretending to dislike Bitcoin in front of everyone. I agree with you and I just understand that.

[19faraon88]

This is very hard to answers but I know their will be no war between banks and bitcoin. If ever that bitcoin will accept all over the world, I know Banks will starts also accepting bitcoins or a bitcoin exchange. Like dollar, banks all over the world accepts it. I think Bitcoin is a opportunity for Banks.

[unsquidly]

I think the bank will start a war against bitcoin when the people who save money on bank are continuously decreasing and turning to bitcoin. The bank will surely improve their system to match the needs of people and to make sure the security of others money. Or they will think of something that they can also get benefits

[LastRolling]

banks will start a war against bitcoin when many people turn to invest in bitcoin rather than to invest in the different banks, because when it comes the banks will be bankrupt and they will not earn money from the people.

[vinz7229]

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?

why you're always thinking for the negative sides of bitcoin, instead think for the positive sides of it. lots of people now have change their life because of bitcoin. it also helps the economy of each country cause bitcoin could also a substitutes to end up or lower the number of unemployed people. another is, it helps those people who don't have enough money for their daily expenses specially for those student who are self supporting, i saw a lot of story here on how they finish their studies because of bitcoin.  don't see bitcoin as a threat,  use it as a good opportunity in life.

[Spanopohlo]

I think It really depends on what Country you are in, because, there is no threat when there is no Cryptocurrency on that Country They probably banned it at an earlier time, But to those who are Immune to The BTC virus at a certain place, I think it will start a war when the coin is Dominating most of the place. When BTC will be used legally or illegally by most of the population to their bidding and transaction. But there are other banks who would put an early defense on this threat making them invulnerable to it.