Banks offering investing in Bitcoin

[lepbagong]

In my opinion, bank involvement in Bitcoin and cryptocurrencies can have several benefits. For example, with crypto exchanges through banking applications, business users can get easy access and security in investing. In addition, with proper regulation, the system can also assist the government in taxing companies that invest in Bitcoin through bank accounts.

good things always happen if it is as you say, by involving the banking sector for every crypto transaction[bitcoin/altcoin].
if the bank is involved, at least there is an attempt by the government authorities to be able to control every transaction, so that there are no irregularities that can be misused in every transaction.
besides of course customers will also get convenience in using every transaction in banking, banks can attract crypto investments in banks.
of course it's true, apart from mutual benefit between banks and investors, the government will have the convenience of being able to collect taxes from every transaction made, of course this will add to its own profit income.

[ChiBitCTy]

Banks are going to try and do whatever it takes to stay a float, or a head of the game, so to speak. If they see or discover an opportunity to be able to add another service that fits in pretty well with their business model, then they are likely to do so. People still trust banks, whether they should or not, so for the banks themselves this makes a lot of sense of what not to miss out on (another way to make money).

[hd49728]

Banks are going to try and do whatever it takes to stay a float, or a head of the game, so to speak. If they see or discover an opportunity to be able to add another service that fits in pretty well with their business model, then they are likely to do so. People still trust banks, whether they should or not, so for the banks themselves this makes a lot of sense of what not to miss out on (another way to make money).

Banks will try to get as many more customers as possible and they don't care, if law does not prohibit, if a product serves Bitcoin and cryptocurrency users.

If you (I am talking about newbies, not ChiBitCTy) use such middle service from banks to access Bitcoin investment, you will allow banks to trace your investment history. KYC is another problem with people who care about their privacy they will look for other options, not with banks and bank products.

If you don't care about privacy, you can go with bank products if you can actually get bitcoin after using bank to buy it. If they only credit a number of bitcoin for your bank account and you can not withdraw it, don't use such products.

[riskarcher]

In fact, it is the banks themselves who abuse the authority over the rights of the money we keep in them. This will lead to financial manipulation by providing digital transactions without fiat money and this case has already happened in America, they themselves also want to play the blockchain system for the bank's own benefit.

[Viscore]

Since they couldn't suppress Bitcoin, some banks are now endorsing investing in it. I remember seeing that I could buy and sell Bitcoin (and other cryptocurrencies if I remember correctly) straight from my business banking app when I was working on financials in some company a while ago. Now I wonder, do they just want to enter the market and profit off of it or are there some other intentions? Since they offer an exchange for business users, could it be possible that the system could be used so the government could actually tax Bitcoin by taxing the company investing in it trough the bank account?

Maybe I'm overthinking this, but when banks are involved with Bitcoin it always seems like an attempt of gaining some sort of control over it or push it to be more centralized in some way. And seeing more and more of them getting involved doesn't really comfort me.

What do you guys think, should banks even be in 'the game'?

Eventually, when global adoption finally happens, then there’s no stopping from these banks and other centralized financial institutions to accept bitcoin because it’s no longer a tool for investment alone but a co-currency to fiat. So whether we like it or not, bitcoin will be regulated by these banks which I think also creates a disadvantage on us. But hey, anonymity should never be an issue anymore as KYC will surely be imposed for good. If we want to see bitcoin increases it’s use case, then let’s accept the reality that banks will be part of its development.

[usekevin]

Banking system try to suppress the bitcoin over a decade,but it was not possible one.Because the bitcoin had root the world economy now.Most of the people from various country had their investment in the bitcoin and other cryptocurrency.So the economy activities was purely depend on the cryptocurrency now.Most of the big shot had their money in the cryptocurrency,Elon was the big example for this.He made the huge influence on the doge coin.Doge coin  had huge investment for certain period of time.

[n0ne]

Banking system try to suppress the bitcoin over a decade,but it was not possible one.Because the bitcoin had root the world economy now.Most of the people from various country had their investment in the bitcoin and other cryptocurrency.So the economy activities was purely depend on the cryptocurrency now.Most of the big shot had their money in the cryptocurrency,Elon was the big example for this.He made the huge influence on the doge coin.Doge coin  had huge investment for certain period of time.

People were looking for better things from the traditional money. The same have made people to go towards bitcoin and other investments. Bitcoin investment is always the best and people should have the patience to enjoy the goodness out of bitcoin. This doesn't happen with people who who lack the market movements as well as the people who lack knowledge about bitcoin. Now the awareness and education have given space for people to be aware and hard users of bitcoin. This is why banks have begun and the understood that delaying the acceptance would cost them big

[Oilacris]

Banking system try to suppress the bitcoin over a decade,but it was not possible one.Because the bitcoin had root the world economy now.Most of the people from various country had their investment in the bitcoin and other cryptocurrency.So the economy activities was purely depend on the cryptocurrency now.Most of the big shot had their money in the cryptocurrency,Elon was the big example for this.He made the huge influence on the doge coin.Doge coin  had huge investment for certain period of time.

People were looking for better things from the traditional money. The same have made people to go towards bitcoin and other investments. Bitcoin investment is always the best and people should have the patience to enjoy the goodness out of bitcoin. This doesn't happen with people who who lack the market movements as well as the people who lack knowledge about bitcoin. Now the awareness and education have given space for people to be aware and hard users of bitcoin. This is why banks have begun and the understood that delaying the acceptance would cost them big

Whether they would really be engaging it early or late, it wont really be still that changing a thing because even if they would be integrating Bitcoin investment or storage, then i dont really believe that

people would really be longing with this kind of offering or feature for these banks to have. We do know that people who do love and appreciate Bitcoins anonymity and decentralization wouldn't really be looking on trying out to make use or would really be adopting if in case that banks would really be having this kind of offering or feature which it would really be just that still useless knowing on how
centralized or heavily regulated these institutions are which would really be entirely removing the essence of Bitcoins characteristics or purpose in the first place.

Well, there might be still some crypto supporters or enthusiast would really be tending out to make use for this one in planning to have at least that safe keeping but in overall
it is really just that contradictory.

[taufik123]

Whether they would really be engaging it early or late, it wont really be still that changing a thing because even if they would be integrating Bitcoin investment or storage, then i dont really believe that

Direct involvement is possible, but we can guess what banks will do with cryptocurrencies.
They never like anyone to compete with them with instruments that are transparent and do not have full control.
Remember that banks are under the government and the government should have all the control.

-snip-
centralized or heavily regulated these institutions are which would really be entirely removing the essence of Bitcoins characteristics or purpose in the first place.
-snip-

So there is nothing to expect in integration with banks, as it will only lead us to the rule of existing institutions.
That would remove the essence of Bitcoin's decentralized characteristics.

[Farma]

Banks are going to try and do whatever it takes to stay a float, or a head of the game, so to speak. If they see or discover an opportunity to be able to add another service that fits in pretty well with their business model, then they are likely to do so. People still trust banks, whether they should or not, so for the banks themselves this makes a lot of sense of what not to miss out on (another way to make money).

yes, I agree with this. banks will do all kinds of ways to keep them leading, even they will accept investments that even go against the system they have. It's just that, I think, not all banks will do that, and maybe will do some trials in a few places. If it was really profitable, then other places would follow suit, but if it didn't they might think it was a bad investment.
In fact, so far I haven't seen a national or private bank in my area that supports investing in bitcoin.

[posi]

Banks are going to try and do whatever it takes to stay a float, or a head of the game, so to speak. If they see or discover an opportunity to be able to add another service that fits in pretty well with their business model, then they are likely to do so. People still trust banks, whether they should or not, so for the banks themselves this makes a lot of sense of what not to miss out on (another way to make money).

yes, I agree with this. banks will do all kinds of ways to keep them leading, even they will accept investments that even go against the system they have. It's just that, I think, not all banks will do that, and maybe will do some trials in a few places. If it was really profitable, then other places would follow suit, but if it didn't they might think it was a bad investment.
In fact, so far I haven't seen a national or private bank in my area that supports investing in bitcoin.

Banks are also a business organization, and what they care most about is money, they are just like us so it is not surprising that they are also in this game. But surely they will have more favorable regulations for them and if those who accept to use their services, they must follow the rules of the game they set.

Currently, there aren't too many banks that do this, but you'll soon see. They haven't offered this service yet because they haven't figured out how to get the most benefit out of them. But once they figure a way, you'll see banks that offer bitcoin investments becoming popular.

[gunhell16]

Well to be honest, here in our country there are other banks that will gradually be open to cryptocurrency or Bitcoin, I remember before when I applied for an open account and I was asked what my source of income was when I said that Bitcoin up trading or cyptocurrency they did not immediately allow me to open an account even though I had money with me.

But now the bank I'm referring to I found out that they allow Bitcoin or crypto enthusiasts to open an account. I just laughed when I found out, I thought that there was nothing they could do but go with the flow of the water or else they would be abandoned or even closed if they didn't do it.

[Blitzboy]

Banking system try to suppress the bitcoin over a decade,but it was not possible one.Because the bitcoin had root the world economy now.Most of the people from various country had their investment in the bitcoin and other cryptocurrency.So the economy activities was purely depend on the cryptocurrency now.Most of the big shot had their money in the cryptocurrency,Elon was the big example for this.He made the huge influence on the doge coin.Doge coin  had huge investment for certain period of time.

People were looking for better things from the traditional money. The same have made people to go towards bitcoin and other investments. Bitcoin investment is always the best and people should have the patience to enjoy the goodness out of bitcoin. This doesn't happen with people who who lack the market movements as well as the people who lack knowledge about bitcoin. Now the awareness and education have given space for people to be aware and hard users of bitcoin. This is why banks have begun and the understood that delaying the acceptance would cost them big

Whether they would really be engaging it early or late, it wont really be still that changing a thing because even if they would be integrating Bitcoin investment or storage, then i dont really believe that

people would really be longing with this kind of offering or feature for these banks to have. We do know that people who do love and appreciate Bitcoins anonymity and decentralization wouldn't really be looking on trying out to make use or would really be adopting if in case that banks would really be having this kind of offering or feature which it would really be just that still useless knowing on how
centralized or heavily regulated these institutions are which would really be entirely removing the essence of Bitcoins characteristics or purpose in the first place.

Well, there might be still some crypto supporters or enthusiast would really be tending out to make use for this one in planning to have at least that safe keeping but in overall
it is really just that contradictory.

These banks are really kind to "offer" us Bitcoin services, don't they? attempting to attach the unruly horse known as Bitcoin to the unwieldy cart of conventional banking. Well done! The fundamental charm of Bitcoin lies in its independence from established organizations and their deceptive methods. For the "safety" of a bank, who in their right mind would voluntarily give up the very thing that makes Bitcoin special? Its a pathetic attempt by banks to remain relevant in a world that is changing quickly without them, and its incredibly ironic. Keep in your lane, banks!

[YUriy1991]

What do you guys think, should banks even be in 'the game'?

Yes. Currently, the presence of banks also plays an important role in the world of money market, I will give a small example, if someone wants to trade on the stock exchange, where all the rules he has followed. for example, for deposit, of course he will look for which bank is recommended on the platform he has registered. Then he sent some fiat to the account and entered his trading account. then he bought some coins he likes for example BTC and for wd too. Well, here the Bank also has an advantage too because at the end of the year they know the total amount of funds that have stopped by on their platform, both from the public or crypto users of course.

So for a bank that wants to be more involved although there's implied to get some kind of control that then pushes it to become more centralized in some ways I think it's a bit less straightforward there's a lot of looking back on meaning adaptation is needed to align with the digital finance ecosystem and governance which ultimately also maintains financial system stability.

[Sanitough]

This is definitely good news. But the government always tries to stay one step ahead of its citizens. Governments do not have accurate data on crypto users due to the inability to invest in the crypto market using banks, resulting in no restrictions being imposed on those crypto investors. Now when crypto users invest in crypto markets using bank accounts, the government will have that investor's information and see how they can be taxed. On the other hand, investing in crypto through banks means increasing the number of investors in the crypto market. Which is definitely good for the crypto market.

I hope that the bank will treat crypto users well and not bother crypto users by keeping the various rules and regulations in place.

When the government decided to accept bitcoin in the banks, first and foremost, investors should be aware that the whole bitcoin investment scenario will be a lot different. Anonymity will never be given emphasis anymore, and that banks personnel will now impose KYC strictly leading them to have an access on our bitcoin account. That may be quite unfair for us but what else can we do, that’s part of global crypto adoption. So instead of regretting, maybe let’s just be grateful and accept the reality that banks will never be obsolete and that they will still be part of crypto adoption. However, this is also a good thing because the number of crypto users and investors will surely create a speed increase.

[Ale88]

This is definitely good news. But the government always tries to stay one step ahead of its citizens. Governments do not have accurate data on crypto users due to the inability to invest in the crypto market using banks, resulting in no restrictions being imposed on those crypto investors. Now when crypto users invest in crypto markets using bank accounts, the government will have that investor's information and see how they can be taxed. On the other hand, investing in crypto through banks means increasing the number of investors in the crypto market. Which is definitely good for the crypto market.

I hope that the bank will treat crypto users well and not bother crypto users by keeping the various rules and regulations in place.

When the government decided to accept bitcoin in the banks, first and foremost, investors should be aware that the whole bitcoin investment scenario will be a lot different. Anonymity will never be given emphasis anymore, and that banks personnel will now impose KYC strictly leading them to have an access on our bitcoin account. That may be quite unfair for us but what else can we do, that’s part of global crypto adoption. So instead of regretting, maybe let’s just be grateful and accept the reality that banks will never be obsolete and that they will still be part of crypto adoption. However, this is also a good thing because the number of crypto users and investors will surely create a speed increase.

I really don't see a big difference: nowadays, if you want to buy cryptocurrencies using some exchange, you are already required to submit all your documentation, the countries don't let exchanges operate without knowing who is buying cryptos using fiat. I think that maybe few exchanges don't require KYC just if you do trades crypto-crypto, so no fiat involved. Anyway I would never purchase cryptos using a bank, there is no point in doing that and for sure they would apply crazy commissions.

[summonerrk]

Yes, now banks have begun to publicly admit that they approve of bitcoin, but this has not always been the case. Previously, they, like all large financial funds, as well as rich and influential people, said that bitcoin is just a toy that has no value. But over time, all of them, including banks, realized that they could do nothing with the number one cryptocurrency and decided that they needed to publicly approve it, because otherwise they would all seem stupid, denying the obvious advantages of bitcoin.

But in terms of investing: I am sure that they (banks and financial institutes) have always invested in bitcoin, almost from the day it appeared.
Why? So that all these influential sharks of the financial business do not speak publicly, but they always perfectly see the potential of financial instruments, including bitcoin.

[Luzin]

When the government decided to accept bitcoin in the banks, first and foremost, investors should be aware that the whole bitcoin investment scenario will be a lot different. Anonymity will never be given emphasis anymore, and that banks personnel will now impose KYC strictly leading them to have an access on our bitcoin account.

I think that list of banks only exists in a few countries that are far from my area if anyone invests in crypto. So far, banks in my country will never provide services to crypto. Because they will deal with the government that has banned it. Although until now crypto cannot be separated from dealing with banks in matters of exchange to fiat money as a transaction tool that I use every day. Although I feel happy with if the Bank starts to enter crypto, it means that the Bank has begun to believe that crypto can give them profits. This can be said to be increasing confidence in Crypto.   

[Jegileman]

Yes, now banks have begun to publicly admit that they approve of bitcoin, but this has not always been the case. Previously, they, like all large financial funds, as well as rich and influential people, said that bitcoin is just a toy that has no value. But over time, all of them, including banks, realized that they could do nothing with the number one cryptocurrency and decided that they needed to publicly approve it, because otherwise they would all seem stupid, denying the obvious advantages of bitcoin.

But in terms of investing: I am sure that they (banks and financial institutes) have always invested in bitcoin, almost from the day it appeared.
Why? So that all these influential sharks of the financial business do not speak publicly, but they always perfectly see the potential of financial instruments, including bitcoin.

Some banks have not approved anything like Bitcoin because it is unlawful in the country, and banks have no interest in Bitcoin. since he has no control over them. But, as I see it now, Bitcoin will emerge as the finest in the world, and everyone will want to invest in it since it is the best right now. Even in countries where Bitcoin or other crypto currencies are not permitted, people invest in Bitcoin in secret. Some people claim that Bitcoin has no value, which I believe is due to a lack of knowledge regarding Bitcoin and the benefits of BTC.

[Bitcoin_people]

Currently, banks are mainly authorized to invest in Bitcoin. We have seen that at one time banks had to work against Bitcoin but could not suppress Bitcoin which is why they are now interested in investing in Bitcoin. But now bitcoin has gained so much popularity that it is easy to do transactions by bitcoin in almost all cases and payments are done by crypto from banks. Since central banks currently accept Bitcoin and can make money by investing in Bitcoin, we can have more confidence in Bitcoin. Because investing in bitcoins is not risky but it will be profitable if you hold it for a long time. And the offers that the banks currently make to traders are good but it is hard to say whether they will enter the market with the intention of making a profit, but the banks are currently investing in Bitcoin and they are making a profit.