Post
Topic
Board Bitcoin Discussion
Re: Does any bank accept Bitcoin?
by
Cryptolord55
on 17/03/2018, 04:20:08 UTC
Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
Well, the banks aren't too worried about bitcoin replacing them. but they don't like things they can't fully control. if you deposit money into your bank account, they have full control over your money. they can freeze it whenever they want, they can simply ask you what the purpose is of moving funds away before they are even moved. with bitcoin they can't do any of that. they have zero control over you. that's something they are afraid of.