Banks will always be against cryptocurrencies?

[Qurelal]

The banks are clearly unable to “defeat” cryptographically protected digital currencies existing in distributed networks. However, the actions of the major players in the world of traditional finance may create certain obstacles to the growth of the cryptoindustry, in particular, for the development of its infrastructure. In the future, we can expect an increase in the tendency for states and banks to build regulatory barriers in the form of KYC / AML, various limits and other tricks to make it difficult to acquire cryptoactive assets using popular payment methods.
The capitalization of the digital currency market is growing from year to year. Banks, states and society as a whole will consistently go through all the stages of accepting the inevitable, realizing that it is impossible to stop the free exchange of benefits, as well as scientific and technical progress.

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[Trustor]

No, in my opinion banks are not afraid of cryptocurrencies. Banks have always played the role of a mediator between any two parties looking for funds or other services and cryptocurrencies don't need banks to be a mediator in between. Cryptocurrencies have potential to be a new currency all together which would be free from any government regulations. Having said that, banks do take interest in block chain technology as it makes digital transactions easy and more secure.

[mlsbd]

I don't know about other country but In india indian bank is against cryptocurrency and they ban any type of crypto related transaction.

Indian central bank against cryptocurrency first time i heard from you. Government released any new cryptocurrrency regulation?
India and many countries banks against in crypto. But india is big population country, So people are very familiar with BTC.

[Tashi]

The reason why banks will always be against cryptocurrencies is that, since btc in its nature is a decentralized cryptocurrency and that they will not get anything from it when they allow all people to accept it.

I agree. They see cryptocurrencies as a threat for them. Since cryptocurrencies doesn’t really circulate unlike the regular currency, and it is decentralized, they’re afraid that people will not need banks anymore since they can secure their stakes or profit on their own.

[trauchot]

While the government did not support cryptocurrency, banks will until the last set aside work with cryptocurrency, because at the moment it’s not profitable for them and they want to stretch it as long as possible, but this is a matter of time until the government of each country issues a new law when they will accept cryptocurrency, no one gets out of it.

[Btcvilla]

No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.

of course there are many banks that do not agree with cryptocurrency or adopt crypto as money. why are there so many factors, especially about the functional and unstable value after entering the exchange.
there are other causes and certainly too long if described.
if every country has legalized crypto, of course they already have crypto itself as a transaction tool.

[cleygaux]

I can see based on my experienced banks dont trust cryptocurrency for now they dont know about it or maybe the employees only did not know but the bankers are all aware with it Im sure In my opinion cryptocurrencies need banks to convert digital money into fiat into seamless ways fast and convenient and vice versa they are slowly integrating blockchain into some bank systems and later on I think they will fully trust crypto and accept it.

[ethereumhunter]

I don't think so, especially if the banks can get many benefits from crypto, then I am sure that they will not discriminate against and even they will support the cryptocurrency. But still, they need to study about the cryptocurrency before they can be implemented and I think they need more time to make approval with the cryptocurrency. And if somehow, they find that the existing cryptocurrency will help them in the transaction mode, then they need to prepare their system to integrate with the blockchain technology.

[Rambhajan.shah]

If you see deeply and technically Banks are legal fraud. Which if any individual does will be in jail. Government and banks are making big money from public hard earned and paying them penny. Even sometimes if they loose money on market/share/business keeps right not to return your money.

In other hand cryptocurrency is just opposite. No one is here to keep all your money and use for theirs profit. O don't think bank ever going to be centrelized.

[Re....]

Yes, they are. I believe so many of them wished it never saw the light of day. Banks have charges when you send and receive money, alert charges etc, with bitcoin and alts, those charges won't come into play

[hero1111]

Cryptocurrencies will be future of bank money and the banks of future will use it for fast and secure money transfers without papers and we can see it as users ,cryptocurrincies are useful for bank system , so i think they can be against for now that system but they will not always be against to use cryptocurrencies  .

[beatzcoin123]

i will term that decision ''flowing with the tide'' that is if the banking system ever come to a consensus with cryptocurrency. That will be a strategic win win decision for both the banking system and the crypto space, i think for any business to survive and be relevant, it must innovate and evolve with time else it be left behind time and subsequently become obsolete, the banking sector won't want to experience such a set back because as it stands now, cryptocurrency and blockchain technology are here to stay, any business that wants to stay relevance must adopt the blockchain technology alongside cryptocurrency.

[cybersofts]

The banks always see bitcoin and other cryptocurrencies as a threat, a competition. therefore, they will do everything possible in their own power to destroy the image of cryptocurrencies. Thankfully, the people are learning more about cryptocurrencies day by day because of that, I don't think what banks are doing against cryptocurrencies will last forever. 

[Jian_Liux]

I think the bank will always oppose cryptocurrency, because the existence of cryptocurrency will be detrimental to the bank where it has been proven that some customers withdraw their existing funds in the bank and switch to cryptocurrency or bitcoin. If this condition is allowed to continue continuously, it will certainly be detrimental to the bank and ultimately can disrupt financial stability in the banking system which has an impact on the stability of the economy and the country's finances. That's what makes banks hate cryptocurrency or bitcoin and try to get rid of cryptocurrency or bitcoin.

[Labay]

Correct i agree with you mate banks will not all is against cryptocurrencies, some other banks accept bitcoin to convert into fiat, people making issue to banks betwwen cryptocurrency to make an understanding partnership to blame the people.

Because there are some different bank who manage.  There are a lot of banks that are agree by bitcoin because they also gain some profit by bitcoin.  Some of banks can use as exchanging or can use as withdrawals of bitcoin to fiat.  So, it is depend on the bank because not all the bank are against by bitcoin.

[gilangIDR]

I can see based on my experienced banks dont trust cryptocurrency for now they dont know about it or maybe the employees only did not know but the bankers are all aware with it Im sure In my opinion cryptocurrencies need banks to convert digital money into fiat into seamless ways fast and convenient and vice versa they are slowly integrating blockchain into some bank systems and later on I think they will fully trust crypto and accept it.

Yes, it is precisely that banks are now trying to implement the blockchain system in their financial system. This is a good step because then the BANK will have a system that is far more sophisticated and much safer. Slowly but surely, I am sure this will happen in the future and we will get a very good condition in the future in the crypto utilization sector in several important sectors such as the BANK.

[SemionDevyatkov]

No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.

That's for sure. Many banks are not satisfied that this is in fact electronic money. And return to the exchange of goods for goods

[cizatext]

Yes in as much as bank will not have any option then to incorporate the blockchain into it system the fact still remains that cryptocurrency as a decentralized asset is hard to be incorporated by banks due to it own unique role which is similar to that of the banking system. In most cases blockchain is referred to as the digital bank so the blockchain will not be needing the bank to carry out it function.

[bitcoindusts]

I can see based on my experienced banks dont trust cryptocurrency for now they dont know about it or maybe the employees only did not know but the bankers are all aware with it Im sure In my opinion cryptocurrencies need banks to convert digital money into fiat into seamless ways fast and convenient and vice versa they are slowly integrating blockchain into some bank systems and later on I think they will fully trust crypto and accept it.

Indeed, banks do not trust bitcoin for now, not just yet. Not only does bitcoin offers a great investing incentive but is also very risky in nature, and banks usually stay away from known risks as we all know them to be.

As a currency, banks will of course welcome any new player. But without government backing, it would be difficult for banks to extend trust to bitcoin. But yes, there is a growing interest with the technology behind it, and the news is out that banks are looking into practical applications of blockchain to the banking sector.

And surely, this will be progressive in nature should banks look at bitcoin in a collaborative way instead of competitive.

[Minhxx]

That is, of course, when electronic money can easily be transacted through the bank, where will they be kept when we only deposit money into the coin