Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?
Banks are trying to integrate blockchain technology because its way more advanced and secure than the current digital money (visa, swift etc.). Their plan is to tokenize all forms of value and assets.
At the same time they absolutely hate decentralized and privacy cryptocurrencies because they are against their own existence.
In fact the only reason they haven't pushed to make crypo illegal is because they need the blockchain technology.