Quote from: AniviaBtc on January 29, 2020, 06:00:52 AM

Quote from: USBitcoinServices.Com on January 29, 2020, 02:55:44 AM

Quote from: CryptoBry on January 29, 2020, 02:49:58 AM

Quote from: USBitcoinServices.Com on January 28, 2020, 10:58:10 PM

Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit. What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?

Aside from Japan & Switzerland where cryptocurrency movement is really strong and expanding, I am expecting that South Korea can be the next one for this trend. Though we are generally wary about banks getting into cryptocurrency I am still considering this as a good news because this can help this industry spread to as many people as possible. We have to admit that people are still trusting banks (even if we might refuse this fact) and so banks can therefore be of big help to convince more people to invest with cryptocurrencies. Banks are for profits and generally they want to deal with anything where they can be making money and where there is clearly a good demand. They are seeing it with cryptocurrency. Let's see and watch developments on this thing and whether this trend can be catching up fire and spread to many other countries as well.

Yes, banks are a good thing to be in the crypto industry, even when we know they are centralized entities, they are a good tool for achieving mass adoption. They might not be there all the time, once people realize the power of decentralization, they might stop using commercial banks!

We all know that banks are very crucial when it comes to holding money. Being decentralized is more helpful for the people to adopt cryptocurrency in their daily lives. Mass adoption really needs to improve because with that, the demand in bitcoin will increase its price. Probably, if that happens, all holders will celebrate and banks will also benefit the people by means of fees and taxes. That's why some banks in a certain country allows it, because they know that cryptocurrency has a big factor to their economic state.

Singapore and Japan are countries where you can also buy and sell cryptocurrency. We all know that those two countries are well-developed countries and high in technology so it is not impossible for them to implement such cryptocurrency in their country. People already adopted cryptocurrency when it was first promoted by the government so it is easy for them to use it nowadays. They achieved mass adoption quickly because of using their technology in promoting cryptocurrency and I read that most of the people there are mining bitcoin just like a normal crypto users. That's why their country is continuously developing from time to time, how I wish that we also have that same government who values their economy.