Post
Topic
Board Altcoin Discussion
Re: How do banks feel about crypto
by
MiXxe
on 16/09/2017, 13:47:17 UTC
What do you guys expect for crypto future? It is clear that crypto is growing and won't stop any time soon as it gets more recognised and user friendly. Governments and banks want to have control over the money as they can control prices, taxes, activity, take advantages and a lot more. Here comes the crypto with baby steps starts to real recognition as it has grown quite big in the recent time.
Now you have China blocking ICO and jumping on bitcoin exchanges, CEO of JPMorgan making comments, here is US with IRS and they also feel left out. It is clear that they are losing side as they are being left out of taxes, feed and control. There was many statements that crypto technology should be government crontrolled (actually centralized) because of "scam".
Ok in one hand there is bunch of ICO scam coins without any technology or idea but just making owners rich. It is true that some investors lose to make others rich but then again that is natural in any trading. But let's be serious no government or businessman give a shit about who is getting scammed because they look for themselves. So looking on it It is clear that banks, giants and some governments are worried about it.
Its a definite word that banks don't want crypto but i am also thinking for that because in the future crypto will be almost use by many people so the taxes and the control of tge government in fiat money would be also lessen. I am thinking that they are aware on this and they will make a move to get advantage with the bitcoin or crypto users.