Countries with banks to buy and sell cryptocurrencies

[erikalui]

If banks hold crypto of their users, it will be similar to the online crypto exchanges we know already nothing different, the only difference will be that these commercial FIAT banks will help to spread crypto faster to the non-crypto average person, meaning more value for bitcoin and cryptos.

And we all know what happened when users held their money on crypto exchanges as most got hacked while only few reimbursed the money. If banks also get hacked, there's no point as banks should have the upmost security. I don't see anything positive here as the moment we invest in banks, they circulate our money and give out loans etc. and put restrictions of holding a minimum balance. Thinking about everything, it's not looking good.

[beerlover]

Nobody is afraid of banks going into crypto? I mean looking at the financial world right now, banks are the reason why we are not doing that well right now. They are using everyone's money to make more money, that is literally stealing. I do not have 100% control over what my money is doing right now for example, it is at a bank which is putting it on some stocks and making profits whereas I am said that I can withdraw whenever I want.

Well, that is not reality is it? If all the money was withdraw, how could they pay us all? They would have to at least sell all their investments which would crash the economy. We already gave banks too much power with fiat, I really hope the same won't happen with crypto, if we let them do whatever they want, they will ruin crypto market as well.

[erikalui]

Nobody is afraid of banks going into crypto? I mean looking at the financial world right now, banks are the reason why we are not doing that well right now. They are using everyone's money to make more money, that is literally stealing. I do not have 100% control over what my money is doing right now for example, it is at a bank which is putting it on some stocks and making profits whereas I am said that I can withdraw whenever I want.

Well, that is not reality is it? If all the money was withdraw, how could they pay us all? They would have to at least sell all their investments which would crash the economy. We already gave banks too much power with fiat, I really hope the same won't happen with crypto, if we let them do whatever they want, they will ruin crypto market as well.

Feel the same of giving someone else the control over my funds and they will be applying so many verification barriers to know where each input is coming from. On withdrawals also restrictions would apply. It would be worse than giving exchanges control over our money. I fear if a person chooses to withdraw his entire balance, it would be a case like shares or mutual funds where you get less than what you stored/deposited. Else they would suffer huge loses and stop offering crypto services.

[Chrystora123]

snip..

The Domino Effect will occur.. where when a country innovates and then succeeds, other countries will follow in the footsteps of that country.  IMO.. China, Japan, South Korea, Singapore, and Russia will most likely follow Germany in the future before other countries in the world

[adzino]

Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit.  

What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?

I think you are a bit confused. The government/bank is not buying or selling crypto currencies. They are just allowing their clients to make crypto purchases online. If I remember, some banks at different countries were blocking transactions that involved crypto currencies. Where did you get this news from? Post a link over here so I can clarify.
Crypto currencies and banks don't go with each other. If banks started to sell crypto currencies, they will end up strictly regulating the currency which in turn will cause people to lose their financial freedom.

[FlightyPouch]

Some even don't have any regulation at all, and does not restrict using and buying cryptocurrencies.

Adoption of Germany is quite expectable since they are early to adopt digital currency to eliminate paper cash money. More cities in Germany have most of their population use digital payment systems (but still fiat).

Yes at my place as well there is no proper regulation about crypto but we are able to use it for buying and selling goods from the market. People love to store the coin in crypto instead of keeping in banks because crypto gives them huge profit while keeping money in banks give no actual profit and money will remain as it is that's why better all country accept the worth of crypto.

I think that is good since more and more people will be accepting it and will be wanting to use it as a payment method. If that will also happen in our country, government might put an additional way to secure the safety of its citizen. Banks might even accept it in the future.

[Spider A4]

Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit.  

What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?

buying and selling bitcoin and other crypto currency is not a problem in my country. You can buy and sell directly using your atm card, not only that there are many other option for buying in my country even using remitances.
I hope it will also work with other country since it all working to us.

where do you live? It seems like your country is very friendly to cryptocurrency, in my country cryptocurrency is still difficult to be used as a means of payment, but to be an asset the crypto currency is already registered with the government

What do you mean cryptocurrencies registered in your country? if register that means legalized crypto from government than why it's troubled to use as a payment and other way to pay, where the prohibition to use? in my country buy and sell is legalize by using atm,VISA card and may ways to pay for buy.

[FanEagle]

Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit.  

What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?

Are you sure of what you’re saying? The news I saw never said that any bank in Germany is buying and selling Bitcoin or any cryptocurrency, rather the news was that a new law was passed and according to the  federal banks may be allowed to buy and sell cryptocurrency. And of course I’m hoping to see them start doing that, but none of them have started doing because I checked if there was any bank that has already started selling and buying Bitcoin from their customers and there was none. I’m looking forward to other countries doing the same.

Someone once said it’s going to be China, but I don’t believe that. Any country with plans to release its own cryptocurrency wouldn’t tell banks to be buying and selling Bitcoin, because they would want their own cryptocurrency to be the one issued out by the banks.

[matchi2011]

snip..

The Domino Effect will occur.. where when a country innovates and then succeeds, other countries will follow in the footsteps of that country.  IMO.. China, Japan, South Korea, Singapore, and Russia will most likely follow Germany in the future before other countries in the world

Everything is possible, and like what you have said domino effects once success being reached a lots of countries will follow and begin to embrace
this new innovated  system.  There's no doubt that some countries are also looking forward and only waiting for some big news about the success
of others that already adopting the system.

[USBitcoinServices.Com]

Nobody is afraid of banks going into crypto? I mean looking at the financial world right now, banks are the reason why we are not doing that well right now. They are using everyone's money to make more money, that is literally stealing. I do not have 100% control over what my money is doing right now for example, it is at a bank which is putting it on some stocks and making profits whereas I am said that I can withdraw whenever I want.

Well, that is not reality is it? If all the money was withdraw, how could they pay us all? They would have to at least sell all their investments which would crash the economy. We already gave banks too much power with fiat, I really hope the same won't happen with crypto, if we let them do whatever they want, they will ruin crypto market as well.
[/quote

Banks are going to play an important role In the beginning, they will help to reach mass adoption, once a lot of people are well aware of cryptos and how they can use themselves without having to pay a third party like banks then banks should disappear or be there for other uses if needed. 

[ufaiz50]

in my country there are official exchangers for buying and selling cryptocurrency in accordance with government regulations. so purchasing bitcoin using a local bank intermediary can be done. but if what is meant is that the bank has a crypto market buying and selling, in my country there is none. I think in some countries it never hurts to buy bitcoin as long as the exchanger is official.

[Negotiation]

If all countries, including banks launch cryptocurrency buying and selling cryptocurrencies the cryptocurrency will improve and therefore the demand for Bitcoin will increase. In my opinion not just Japan but the UK China and Malaysia will help it spread among the people to enhance their economy and industry Bitcoin does tons of excellent work and without it the crypto market is going to be at its peak when the whole world is spread.

I agree with you that this new service will bring Crypto to its peak  Will gradually support each country and meet decentralized needs. The United States or the United States is launching this system to improve the economy of their country.

[bearexin]

That’s a very good thing. But no bank has reported that they are buying and selling bitcoins yet. Only that the law was approved in Germany and the law will allow banks there to be able to buy and sell Bitcoin. But, there have not been anyone that is accepting it yet, the law was passed January this year, so banks wouldn’t rush into it yet.

As time goes on they will start selling it to their customers. I also look forward to when other countries will set similar rules and allow banks to be able to sell Bitcoin to people, it would be really good.

[Sanugarid]

Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit.  

What are the other countries where anyone legally can buy/sell cryptos at commercial centralized

in asia specifically in Philippines there are Banks with Cryptocurrency ATM's in which you can Purchase numbers of crypto.

but Banks that Buying and Selling Crypto?that would be cool to see,imagine they are offering safe service(of course without scams like online )and this is one good moves from Government of Germany as they are one of the adopters of Bitcoin and Cryptocurrencies like Japan and other countries.

well, I think a lot of bitcoin atm has been circulating so that many people will find it easier to make cryptocurrency withdrawals but it is unfortunate that currently there are still few who can accept payments using bitcoin and they are still unsure of bitcoin sellers because some countries are still concerned about regulations regarding the use of bitcoin.

Crypto in the past was a potential threat to the government, although the perspective from the government was better with it but the restraint is obvious, so a country that allows banks to buy and sell crypto, I would feel a lot of doubt here if I were a resident of that country. Besides, we should keep in mind that many topics discuss the bank and government's permission to trade crypto but over time, that information seems to be removed, it is best to use trusted exchanges to buy and sell crypto

Keeping buying or trading cryptos at centralized exchanges won't help that much to bring 100% crypto tx and make finance totally decentralized, but in the beginning has to be in this way, maybe in the future, there will be more people using only decentralized exchanges.

Indeed, keep on buying cryptocurrency, do what you used to do and do it with knowledge so that the profit is secured. Cryptocurrency is decentralized wherever you are you can buy it if you really want to, there are some buyers have some techniques, they can buy crypto even if it is ban on their country, I don't really know how they do that but that will to buy and eagerness to earn is a good attribute of being an investor or trader. There is nothing that can restrain you from what you want if it really supports what you need.

That’s a very good thing. But no bank has reported that they are buying and selling bitcoins yet. Only that the law was approved in Germany and the law will allow banks there to be able to buy and sell Bitcoin. But, there have not been anyone that is accepting it yet, the law was passed January this year, so banks wouldn’t rush into it yet.

As time goes on they will start selling it to their customers. I also look forward to when other countries will set similar rules and allow banks to be able to sell Bitcoin to people, it would be really good.

Maybe there are some banks that are accepting bitcoin and they will convert it into fiat or local currency so that the particular person can really withdraw that money and use it in a local store. If the banks really adopt bitcoin, it is good to spread the goodness of cryptocurrency has.

[TheUltraElite]

The Domino Effect will occur.. where when a country innovates and then succeeds, other countries will follow in the footsteps of that country.  IMO.. China, Japan, South Korea, Singapore, and Russia will most likely follow Germany in the future before other countries in the world

You are being very optimistic. While I appreciate the effort but you have to understand that the popular opinions about crypto is not really good in most countries barring a few. While one country may accept and allow its banked usage, other countries may refuse so what you think of a domino might be a mixture of domino vs anti-domino 

Truly it would be a bullish trend if that occurs but it is not likely to happen and certainly less likely to happen within a few years.

I agree with you that this new service will bring Crypto to its peak  Will gradually support each country and meet decentralized needs. The United States or the United States is launching this system to improve the economy of their country.

LOL nothing really has happened till now except this news from German banks. They may not accept it and stop allowing it to be bought sold in future. Still lets hope for the best.

[Shasha80]

I also know that banks in Germany have started to buy and sell cryptocurrency. This is a good step for crypto mass adoption. Regarding other
countries that have not followed Germany's steps, it is likely that other countries feel the number of cryptocurrency users is still very low
compared to the world's population. And it's also possible because cryptocurrency has not been widely used for life everyday, so other countries
are still in doubt. But sooner or later other countries will follow in the footsteps of banks in Germany. Because cryptocurrency growth is far
better than fiat currency.

[USBitcoinServices.Com]

That’s a very good thing. But no bank has reported that they are buying and selling bitcoins yet.

This long process will take its time, maybe fro 1 to 3 years just for people to know about it, try, test it, and then buy and use it.

[Jateng]

Goverment are making their move to study and soon be adopt. I think government will only keep this secret and soon will accept it after they finalise about how will cryptocurrency and blockchain will help them to do better in their currenct system. Banks will also accept bitcoin as payment but it will take a lot of time to implement it. They will make their own study on how will help them and adopt their current track because it's price is not stable.

[bin.raphael.221]

Interesting! Banks from other countries should to do that. Virtual money is even not legal in some countries so your country must be the best!

[Xampeuu]

Goverment are making their move to study and soon be adopt. I think government will only keep this secret and soon will accept it after they finalise about how will cryptocurrency and blockchain will help them to do better in their currenct system. Banks will also accept bitcoin as payment but it will take a lot of time to implement it. They will make their own study on how will help them and adopt their current track because it's price is not stable.

but I think banks will be subject to government regulations. in this case the government has the main role to adopt the mass, and the bank will obey orders from the government determined by law. hopefully the government will immediately decide to adopt this mass, given the rapid development of the human population