Countries with banks to buy and sell cryptocurrencies

[Janation]

I am not surprised to see European countries to legalize crypto. Japan was always expected. My eyes are on China. If it does the same, a tremendous pressure will be created on its competitors relating to bitcoin and crypto in general.

They legalized again mining of Bitcoin.

I think it can lead there but I don't think that Bitcoin will be their main currency. I think they will focus on Blockchain technology rather than the cryptocurrency itself. In terms of the banks, as far as I know, last year an article said that it will not be Bitcoin but something for them or for their country, a digital currency like Yuan.

[1714472010]

1714472010

[1714472010]

1714472010

[1714472010]

1714472010

[shoreno]

I have always thought banks will still be of useful advantage to cryptocurrency and to the fact that we may not need to have them totally eliminated for cryptocurrency, they can have a way of working hand in hand with each other to satisfy the users, China would have been my next suspected country but the coronavirus infection may take them little time to gain balance.

dont expect too much on china . arent you aware with thier issues with cryptos before  and now they are facing another isues which was this virus .  like you i also think that banks is still useful even if we already have cryptos but many says that cryptos are already enough because cryptos can as a bank too  . the only problem is the support for cryptos versus banks  . banks is still the legal tender and recognized by many  .  instead of seeing one of them go down why cant we just be good to the both of them  .

[Driggers95]

I have always thought banks will still be of useful advantage to cryptocurrency and to the fact that we may not need to have them totally eliminated for cryptocurrency, they can have a way of working hand in hand with each other to satisfy the users, China would have been my next suspected country but the coronavirus infection may take them little time to gain balance.

dont expect too much on china . arent you aware with thier issues with cryptos before  and now they are facing another isues which was this virus .  like you i also think that banks is still useful even if we already have cryptos but many says that cryptos are already enough because cryptos can as a bank too  . the only problem is the support for cryptos versus banks  . banks is still the legal tender and recognized by many  .  instead of seeing one of them go down why cant we just be good to the both of them  .

I do not believe much in China even if they are a farm nation and own many big bosses because they often create serious events in the market, fake information, causing lots of discomfort and annoyance for investors, so ignoring them is the best thing to work more effectively. On the subject of banking and crypto, many people may be thinking that crypto can become a bank, it's a possible idea but I'm not sure you can guarantee your money won't be lost or diminished due to the collapse, banks have their own advantages and values, combined with crypto would be perfect

[andamarina]

Well not all countries will buy and sell crypto , many of them want only to put a tax on crypto and take 10. But i hope to can use faster bank transfer with crypto someday.

[FlightyPouch]

Well not all countries will buy and sell crypto , many of them want only to put a tax on crypto and take 10. But i hope to can use faster bank transfer with crypto someday.

They might now accept and buy or sell crypto currencies but I think in the future where digital currencies are inevitable, a lot of countries would be accepting it. I don't think banks will be considering bitcoin or other altcoins to be in their circulation so I think it will just be legalized by a lot of countries and this might be used by a lot of people accepted in a lot of stores or by the merchants.

[Coinbees]

The Monaco government is looking to set up this type of project. With a bank, of course there is no doubt that part of the percentage when purchases and sales are intended for their operation but the idea is there.

[Averim]

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?

In Romania the IRS legislation covers the crypto domain with specific taxes but regarding banks, they are still reticent to this field.

[julius caesar]

Actually I do not know other countries that allows to buy and sell cryptocurrency but this happenings in Japan will probably inspire other countries even more that there is no harm if they allow cryptocurrency in their country. Some of them do not want to allow it because they were afraid that their fiat money might be replace by it. Little did they know that it crypto will have a huge impact for their economic growth.

[erikalui]

I read this article after reading this thread: https://www.coinspeaker.com/germany-law-banks-cryptocurrency/

I am not sure how it works as if banks hold crypto on behalf of their clients, what happens if a hack takes place which is the most common thing for any exchange these days. Also, can't find any information about the interest rates and other services like deposits etc.

[USBitcoinServices.Com]

I read this article after reading this thread: https://www.coinspeaker.com/germany-law-banks-cryptocurrency/

I am not sure how it works as if banks hold crypto on behalf of their clients, what happens if a hack takes place which is the most common thing for any exchange these days. Also, can't find any information about the interest rates and other services like deposits etc.

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.

[Tylev]

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?

Aside from Japan & Switzerland where cryptocurrency movement is really strong and expanding, I am expecting that South Korea can be the next one for this trend. Though we are generally wary about banks getting into cryptocurrency I am still considering this as a good news because this can help this industry spread to as many people as possible. We have to admit that people are still trusting banks (even if we might refuse this fact) and so banks can therefore be of big help to convince more people to invest with cryptocurrencies. Banks are for profits and generally they want to deal with anything where they can be making money and where there is clearly a good demand. They are seeing it with cryptocurrency. Let's see and watch developments on this thing and whether this trend can be catching up fire and spread to many other countries as well.

Yes, banks are a good thing to be in the crypto industry, even when we know they are centralized entities, they are a good tool for achieving mass adoption. They might not be there all the time, once people realize the power of decentralization, they might stop using commercial banks!

The participation of banks in the provision of services for the exchange of cryptocurrency into ordinary currency is inevitable and will have only a positive side for cryptocurrency. The appearance of such an exchange in banks will simplify the purchase and sale of cryptocurrency and at the same time increase interest in it, because this will mean a serious attitude towards it from the state.
However, it should be noted that people will not stop using the services of state and commercial banks, since banks perform much more specific functions than cryptocurrency.

[rodskee]

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.

[TheUltraElite]

If banks hold crypto of their users,

You understand what we are talking about here, right? It is no different than Fiat and not sure if that is what Satoshi wanted to happen but probably thought that was inevitable in the end.

it will be similar to the online crypto exchanges we know already nothing different,

Specially the CEXs which store people's data and give it to the governments to evaluate. Banks of course do that and it will make it even more easier.

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.

That is a good thing. We will see a lot of new blood entering crypto and that means more market movements and rising stock prices of these banks. Soon enough other countries will be forced to follow suit.

If this trend continues the good effect is that bitcoin will become more popular than those country-represented shitcoins.

[Google+]

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.

[blckhawk]

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).

[Subbir]

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.

[Williams_Leo]

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

[posi]

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 the 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.

There's no doubt about what you said about the Philippine because they prove themselves to be business-oriented in every angle of new innovative technology and business but there are some countries (Japan, Belarus, Malta, Swiss, Gibraltar,  Slovenia etc) which the Philippines is totally behind them in the crypto-friendly and bank integration of crypto buy and sell procedure.

[USBitcoinServices.Com]

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.

[Apes]

Bank in Other countries are still not interested in following Germany's Bank steps, because in other country cryptocurrency are still limited in distribution and in daily life use. they will say this step is uneffective, and does not provide significant benefits for bank.
and for the user will prioritize to buy or sell in tranding center because of the more actual market prices, the possibility of buying crypto at the bank would be their last choice.