Quote from: Bitcoinpro on January 11, 2016, 02:59:21 AM

Quote from: franky1 on January 10, 2016, 01:07:28 PM

remember they are investing into a company.. not buying bitcoin directly

Westpac deposits money in VC accounts
VC invests in Coinbase = VC opens coinbase account and purchases Bitcoin
Conclusion
Westpac Bank now has direct claim on Bitcoins
they are the majority owner of the VC read the story

read the red line...thats where it falls flat..

VC's dont hoard bitcoin they take profits in fiat.
banks dont hoard bitcoin.. its in their regulations.
the same regulations you and others mis-interpret to say that its banning citizens when its only banning banks from hoarding.

separately
im glad banks see the benefit of this new economy and they see they can make fiat profits from it. it shows they are not against this (they deem) new foreign currency.
but this does not mean banks will be trading bitcoin itself as a financial product to offer its customers.
the banks will stick to fiat profits as their regulations only allow that

still good that they are positive about the blockchain currency which is foreign to them