banks investment and the crypto world

[Dexion]

banks and crypto has a very urgent function for economic stability. but, I see today many banks are interested in saving their assets on the crypto world.

call it south Korea, it was reported that the local bank's virtual account balance reached $ 1.79 billion, but this year their assets are low, I think the market in 2017 makes people speculate.

on the other side, the Korean government makes preventive and educative measures by limiting the age of investors, the purpose is to make the crypto market easy to control and transparent.

so, the value of bank assets in the crypto world is still low.

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[anitaraymonds]

banks and crypto has a very urgent function for economic stability. but, I see today many banks are interested in saving their assets on the crypto world.

call it south Korea, it was reported that the local bank's virtual account balance reached $ 1.79 billion, but this year their assets are low, I think the market in 2017 makes people speculate.

on the other side, the Korean government makes preventive and educative measures by limiting the age of investors, the purpose is to make the crypto market easy to control and transparent.

so, the value of bank assets in the crypto world is still low.

It is a good omen that banks in South Korea are responding to cryptocurrency. That they even have  account in billions of crypto. Very soon others countries in that region will take leaf from South  Korea to embrace blockchain and bitcoin.                                                         

[davis196]

1.79 billion USD is a ridiculously small amount.We can`t make conclusions that banks want to invest in crypto based on that amount.Banks don`t have any "urgent function" for the economic stability.The bankers only want us to believe that banks have such function.

[SUDARMONO]

The bank's asset value in cryptocurrency is very low for now and the price is very expensive at the time of purchase so as to make the asset value down when the cryptocurrency price falls.

[marseille]

The bank's asset value in cryptocurrency is very low for now and the price is very expensive at the time of purchase so as to make the asset value down when the cryptocurrency price falls.

investment in banks is said to be the safest form of investment instruments. But instead, the yields that may be given from a lower investment or arguably the lowest of all forms of investment both stocks and bonds.

[maloibtc]

I think that crypto rules the world today, it is the best if to talk about btc, i like investing in it due to pros it has, the bank will soon invest in crypto as well as large companies and other businessmen when they see its advantages

[Dexion]

I think the crypto growth there is very good, because I see from one side that South Korean people's demand for blockchain based games is very high, and also the demand of every store to use the blockchain system is very high.

from my simple explanation, I think it all will affect the value of South Korean bank assets to be better than the previous year. what do you think about this?

[dothebeats]

It's hard to make a generalization when only one data can be extracted. Also, the general notion of banks against bitcoin is to despise it and, as much as possible--specially if there aren't any clear incentive for them--stay away from any kind of transactions involving the cryptocurrency. There had been many instances wherein the central banks of different countries released a memo/circular describing bitcoin as a vehicle for fraud and money laundering without stressing any light on its positive implications when a person use it. It's good that this particular SoKor bank accepts and deals with bitcoin but again, we're still far from a society wherein the banks and the government are comfortable in having bitcoin co-exist side-by-side with their national currency.

[Indamuck]

I think bankers will do everything they can do stop bitcoin.  Centralized banks create money out of debt, thats how most of our current money supply is created.  With cryptocurrency you can't just magically create more money by handing out IOUs.

[cryptodalton]

South Korea is playing a great for developing the crypto currency market. The people are having huge demand of it. Moreover, it's good to see that gradually banks are also involving in crypto currency. I see crypto currency is having a great future further.

[JamescrypTrader]

I believe that FUD also exists in the bankers. So they are relying on the crypto industry or trying to be engaged in the market without saying anyone. But this is true that the day is not so far when the bank employee will announce their entrance in the crypto market .

[avikz]

banks and crypto has a very urgent function for economic stability. but, I see today many banks are interested in saving their assets on the crypto world.

call it south Korea, it was reported that the local bank's virtual account balance reached $ 1.79 billion, but this year their assets are low, I think the market in 2017 makes people speculate.

on the other side, the Korean government makes preventive and educative measures by limiting the age of investors, the purpose is to make the crypto market easy to control and transparent.

so, the value of bank assets in the crypto world is still low.

Flowing of banking money into crypto world is a good news for the crypto market. Especially in a time like now when the market is looking for fresh investment. 1.79 billion usd is a huge amount but please mention the benchmarking year as well.

South Korean government recently decided to classify crypto exchanges as Banking institutions so that they can be regulated according to the current legislative framework. So only South Korean banks may show interest in investing more into crypto market. BANKs in the rest of the world are still turning blind eye from crypto market.

Also the falling price of bitcoin has made a lot of conservative investor selling off their assets. Adoption and fresh funds can help recover this situation.

[Erlinda Santiago]

banks and crypto has a very urgent function for economic stability. but, I see today many banks are interested in saving their assets on the crypto world.

call it south Korea, it was reported that the local bank's virtual account balance reached $ 1.79 billion, but this year their assets are low, I think the market in 2017 makes people speculate.

on the other side, the Korean government makes preventive and educative measures by limiting the age of investors, the purpose is to make the crypto market easy to control and transparent.

so, the value of bank assets in the crypto world is still low.

many people all over the world will like it because that partnership is good clash so if they accept each other there will be more investors to come here in crypto

[joellogan]

I know that we all trust on bank culture and we feel that bank is a safe place for investing but bitcoin rate is higher than banks , and this growth will keep increasing as the market will progress hopefully oneday banks are going to invest in bitcoin so I will say before investment think which one is better for you.

[jhon_21]

Banks are acceptable by all country and also government but crypto is not acceptable by all the countries. That’s why peoples are invest their money on the bank and get small amount of interest on the other hand if people are invest on crypto market they will get more profit.

[batang_bitcoin]

If this is real happening in South Korea that's a pretty good news we've got there but to other countries that has governing banks in their economics, up to date this is impossible. Banks are the most concerned industry that are against to cryptocurrencies, they all know that this is going to pull their business down since the popular of it is increasing. But one day, time will come that all of these banks are happily accepting bitcoin and toher crypto's as well and that's the day that money in the bank will start moving in the cryptoverse.

[amacar2]

People are still afraid to put their hard earned money in cryptocoins because they have seen it dumping from $20k to $6k within 6 months which is not good for faint hearted people. 

Many prefer to keep their assets in banks because they can see their representative at their street and they can be sure their assets value will not decrease because they don't know what depreciation is about. 

[Dod Ong]

banks and crypto has a very urgent function for economic stability. but, I see today many banks are interested in saving their assets on the crypto world.

call it south Korea, it was reported that the local bank's virtual account balance reached $ 1.79 billion, but this year their assets are low, I think the market in 2017 makes people speculate.

on the other side, the Korean government makes preventive and educative measures by limiting the age of investors, the purpose is to make the crypto market easy to control and transparent.

so, the value of bank assets in the crypto world is still low.

The banks and bitcoin has a competition. I think all of the banks are against in bitcoin because the investor are always in bitcoin invest, it make affect their profit or their earnings if that scenario are always happening. Also there are a big investors that in bitcoin invest so it may affect the demand of banks.

[Indrawan77]

Its good to see bank interested in crypto world and I hear some of the bank start to saving on crypto, but not too many banks are doing this, maybe they still hesitate and need further observation to see how the crypto helping them, it will be a long way before bank fully trusted crypto, but I still appreciate the banking system to try crypto, this is a good sign, its better to have low volume then they don't want to saving at all

[Bervelukan]

I think because banks see the excellent potential of the world of crypto and although the price or assets they have according to it will not be a big problem if they are patient to hold and wait for the price to rise.