That's fine! When common people is expected by the tax man to disclose their cripto earnings, why not banks! I mean everything should be transparent as the regulators say.
The simplest conclusion that follows from this is that cryptocurrency is not a scam and it will be used in the future.
Yes that is interesting, this mean that we as users need to keep bitcoin and other alt-coints out of any CEX and Bank. Just to not give them more power
This is not really on the users. But it is more on the banks to disclose how much cryptocurrency assets they are holding as their investment. That is very fair!
In Russia, in almost any banking application you can open a brokerage account in 1 click and trade shares and other assets, and all taxes from each transaction are taken by the broker and submitted reports to the tax office. A citizen has no obstacles to trade.
In Europe and the USA, I heard that a trader fills out complex forms for reporting to the tax authorities. In Russia, these forms are filled out by the broker for free.
And banks will only be happy if the number of assets for trading in cryptocurrencies increases, but people will trade “air” because real assets belong to the bank.
Look at the statistics. People understand that cryptocurrencies that are stored on custodial services do not belong to them, but they still use exchanges, banks and other custodial services for storage.
I'm not talking about trading, I'm talking specifically about storage.
People find it difficult or have no time to buy a hardware wallet for $50.
