As the title said,
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account. Because of this, bitcoin can now be easily purchased in Australia.
Reference Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/
I think this will be the start, hopefully, other banks around the world will follow so we will have a convenient way to buy and selling cryptocurrency to fiat.
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account. Because of this, bitcoin can now be easily purchased in Australia.
Reference Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/
I think this will be the start, hopefully, other banks around the world will follow so we will have a convenient way to buy and selling cryptocurrency to fiat.
It didn't surprised me at all because Australia is the second country (July 2017) to legalized crypto after Japan. So it really make sense to them to be very lax, including banks and taxes. As for other banks, following their footsteps, I have doubt because we all know that bankers see crypto's as a threat. What we wanted to see more is nations following the footstep of Japan and Australia in embracing bitcoin.
At first I have doubt about the post but when I read the article it's kinda real but I still have doubt about those banks that letting people use their money to buy bitcoins or other crypto currencies. As you have said banks are scared to crypto currencies because they see it as a threat to their business but we are already in the digital age world they need to accept the fact that crypto currencies are part of this.
Japan is genius for making crypto currency legal on their country and japan is very open to new kinds of technologies.
