I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
Banks are mainly worried they'll lose a major part of their main source of income I.e people. If laymen become aware about crypto and tend to convert fiat into crypto they might reduce their dealings with banks. Individually it doesn't cause a problem to banks but if people collectively stop investing into banks the banks will suffer.