Expert: Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest

[fasdorcas]

I guess they dislike the fact that they are missing out and probably loading their valued customers cause a lot of investors are now perfering long investments in Bitcoin than in banks. And moreover, a lot of big organizations are waiting for the same moment to also invest in Bitcoin, this is why we need bitcoin regulation so bad.

I think the problem with huge companies get into bitcoin has always been the accounting problem. Depending on which country you are working in it is not that easy to put some of your investments into bitcoin and hoping it would increase in value and than suddenly even if you make profit taking out huge amounts and explaining that to the authorities that you have invested into crypto.

If there are no laws and regulations it would cause a huge paper work problem and even if there is regulations and laws than you will have to find accountants that would know how to file for tax and your profits will be eaten by the taxes that was put.

[Brunusmagnus]

Banks are interested in investments and in anything that can make a profit, so it would be stupid to think - beyond the declarations on the front - that they are not taking information about the crypto sector.
And probably there have also been investments, obviously protected by anonymity.

[eternalgloom]

So when are regulators finally going to approve crypto as a viable investment vehicle?
We've basically only seen bad news in that regard, so why would we keep our hopes up for them to finally start regulating crypto?

I've gotten into crypto to move away from banks, to I personally couldn't care less if banks weren't able to offer any crypto-related services.
On the other hand, it would certainly be great for the prices, I wouldn't mind seeing another bull run to be honest

[Kemarit]

So when are regulators finally going to approve crypto as a viable investment vehicle?
We've basically only seen bad news in that regard, so why would we keep our hopes up for them to finally start regulating crypto?

When? Probably if they think that its about time to really give people want they wanted.  . I also tend to believed that they're just waiting outside for years now, and although they kept on attacking it at every angle, they're going to take advantage of every situation to milk this market when regulations comes into place.

I've gotten into crypto to move away from banks, to I personally couldn't care less if banks weren't able to offer any crypto-related services.
On the other hand, it would certainly be great for the prices, I wouldn't mind seeing another bull run to be honest

Oh well, it cut both ways, so let's see. I wouldn't mind seeing bull runs because of the outpouring cash coming from institutional investors, but we need to be cautious as well.

[Leocrypto da Vinci]

The banks want to make money, so they do not want to escape a field as promising as that of the crypto.
But above all they are afraid of losing their power, so it is obvious that they are studying the sector.

[magneto]

Again, these businesses are largely going to be targeting other institutional investors within the market.

Even though that yes, their use of bitcoin will represent more demand for bitcoin and potentially when their products launch it could cause a short term spike within the market, I wouldn't regard this as actual adoption.

They're going to be involved in mainly speculation and that's not necessarily anything positive from the standpoint of actual usage of the technology. Obviously, there is no stopping them from doing it when the markets mature a bit more and regulation also becomes more clear, but most likely this news is going to be the source of a lot of FOMO in the future which I think is irrational.

[BaraxLo]

I guess they dislike the fact that they are missing out and probably loading their valued customers cause a lot of investors are now perfering long investments in Bitcoin than in banks. And moreover, a lot of big organizations are waiting for the same moment to also invest in Bitcoin, this is why we need bitcoin regulation so bad.

I mean if you are a huge bank that is willing to invest couple million dollars into something new than you should definitely make sure it is regulated first. Without knowing how to file for tax returns on your loss or your gain it would be unwise to just let your workers hoard as much bitcoin as they can with the amount of money banks have.

They would require some sort of assurance and laws for them to be comfortable about spending tens of millions of dollars into crypto, considering there are hundreds of banks like that in the world we can clearly say the day regulators start regulating properly we will see big increase in volume.

[Ozero]

It had to happen sooner or later. Banks have to keep up with the times and get profits from cryptocurrency. However, they will not use it widely if the cryptocurrency is not legalized by the state. Banks operate only on the basis of instructions from the bodies regulating this field of activity. Therefore, their participation in the crypto-currency will depend on how much the cryptocurrency will in general come into our life.

[Micerker]

Accepting the growth of Crypto enabled many banks to move with the new trend. Accept changes more complete and easy to grow, compete with other large banks in the region. Change to continually evolve and accept difference that makes you different from your competitors.

[bitbunnny]

Sure big banks and financial institution want to make money
Crypto market is great way to do that
Because of that banks will force to regulators to  give crypto green light
At the end they will use blockchain technology to reduce fee and improve his service

I totaly agree. Banks are very well aware that cryptocurrencies are possible profit source for them but lack of regulation is one of the obstacles they can't get fully involved. It's true that Bitcoin and cryptocurrencies are kind of threat and competiton for banks but they are not trying to destroy cryptocurrencies like many think. Banks are just waiting for the right moment to join to the game.

[Renaldi blackspadeteam]

in my country also bank experts are studying Cryptocurrency, and news from the media say banks will use blockchain in 2020, only after I read Crypto money from banks has fixed and unchanged prices,

[Indrawan77]

Well it's great to see bank want to cooperate with crypto, I just hope that is not a conspiracy to regulate crypto and the intention is to weaken the crypto usage, but I find it will create a positive grow if the bank decide to adopt crypto, And I think it will take time before crypto and bank could harmonise

[guoyu78]

in my country also bank experts are studying Cryptocurrency, and news from the media say banks will use blockchain in 2020, only after I read Crypto money from banks has fixed and unchanged prices,

I have been seeing the same thing being done here in my country as well, with the way there has been seminars and meeting on blockchain and cryptocurrency and how committees are being set up for further digging on the space. I know this is something we will obviously get to keep seeing more of eventually anyway and banks will not want to be left out of the show.

We all know they are ventures who are out for profit and obviously the crypto space is one spot where this can actually be possible. They already have the facilities actually to render an exchange service and so much more when it comes to loan and the rest, and they would play some good part in this aspect.

[3acaga]

Banks are always looking for new ways to increase profits, and they have long known that I can earn a lot in cryptocurrency.
But banks are not very quickly entering cryptomeria due to poor legalization of crypto-trade by states at the legislative level.

[rickadone]

Sure big banks and financial institution want to make money
Crypto market is great way to do that
Because of that banks will force to regulators to  give crypto green light
At the end they will use blockchain technology to reduce fee and improve his service

I totaly agree. Banks are very well aware that cryptocurrencies are possible profit source for them but lack of regulation is one of the obstacles they can't get fully involved. It's true that Bitcoin and cryptocurrencies are kind of threat and competiton for banks but they are not trying to destroy cryptocurrencies like many think. Banks are just waiting for the right moment to join to the game.

Obviously, and they won't want to shy away from tapping into a profitable source as far as I am concerned.
For what we can see lately, we can see that banks are trying to do everything to be in the forefront of things as well as they would not want to miss out on the long run.

So in that case, rather than seeing it as a threat, I am sure they will just find a way to just be a part of things, allow it to evolve, and then find a way they can stay relevant within that space. Regulation will be a thing at the end of the day for those who may want to be going through this channel, but at the end of the day, banks actually lost some of the fight against cryptocurrency already.

[spongegar]

For one thing, banks are always on the look out for the next thing they want to invest on. I don't think they would care if such investments will result to the fall of fiat currencies but the fact of the matter is, what they want is security so they're just waiting for regulators to join in so that they'll be on the same boat.

[squog]

If ever banks really want to be on the crypto currency game, that is fone and good but these banks would only stick to crypto currency up until it benefits them and i doubt they will stick around long enough to make crypto currency stable enough for adoption. Let's just see what happens once they join in.

[Argoo]

I think banks have been heading to Crypto for a long time, but this is a good time for many big businesses to come to it. Because their prices are quite cheap compared to the current economy. I believe that the value of the future altcoins will grow further in 2020.

Of course, banks will not rush to the issue of cryptocurrency. They will massively invest their capital in cryptocurrency only if there is maximum clarity in the rules of the game in this market. This will happen only after the states legalize cryptocurrency and establish clear rules for its circulation, which is quite normal.

[fauzan Ichsan]

I think banks have been heading to Crypto for a long time, but this is a good time for many big businesses to come to it. Because their prices are quite cheap compared to the current economy. I believe that the value of the future altcoins will grow further in 2020.

Of course, banks will not rush to the issue of cryptocurrency. They will massively invest their capital in cryptocurrency only if there is maximum clarity in the rules of the game in this market. This will happen only after the states legalize cryptocurrency and establish clear rules for its circulation, which is quite normal.

mutual attachment banks and countries, because banks support a country's economy. therefore if the government has legalized it, then the new bank can move, even though the bank is enthusiastic, but if the government has not arranged it, I think it is still useless

[BartS]

They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.