banks and crypto has a very urgent function for economic stability. but, I see today many banks are interested in saving their assets on the crypto world.
call it south Korea, it was reported that the local bank's virtual account balance reached $ 1.79 billion, but this year their assets are low, I think the market in 2017 makes people speculate.
on the other side, the Korean government makes preventive and educative measures by limiting the age of investors, the purpose is to make the crypto market easy to control and transparent.
so, the value of bank assets in the crypto world is still low.
Flowing of banking money into crypto world is a good news for the crypto market. Especially in a time like now when the market is looking for fresh investment. 1.79 billion usd is a huge amount but please mention the benchmarking year as well.
South Korean government recently decided to classify crypto exchanges as Banking institutions so that they can be regulated according to the current legislative framework. So only South Korean banks may show interest in investing more into crypto market. BANKs in the rest of the world are still turning blind eye from crypto market.
Also the falling price of bitcoin has made a lot of conservative investor selling off their assets. Adoption and fresh funds can help recover this situation.