What is your thoughts on banks banning the sales of crypto do you think they are scared they will be replaced
I think also they are scared of crypto. If you check last couple of years, crypto market is rising very strongly. Crypto is one of biggest opponent for bank industry. That's why many banks try to create their own blockchain. They know sooner or later crypto will replace on bank and that's why they are trying to create their own blockchain.
Not all banks are scared of crypto since some are making efforts to adopt this technological innovation and use it to further strengthen their
business and never get left behind by competition. I guess only banks that don't support crypto technology should be scared if they aren't wise
enough to adopt to it. Imho.
i don't even think there are any bank as of now that will be afraid of crypto because they offer totally different services, infact, 95% of crypto don't even offer any services yet so why will banks be afraid? crypto still have a long way to go to have such influence, aside from btc and eth, most other crypto have nothing to offer, banks don't feel threatened by them.