Post
Topic
Board Bitcoin Discussion
Re: UnionBank to offer Bitcoin trading on mobile app in Octomber
by
BigBos
on 19/09/2023, 14:13:44 UTC
What is your opinion, do you think that banks are slowly starting to adopt Bitcoin?


Source:
https://cointelegraph.com/news/union-bank-of-the-philippines-launches-bitcoin-and-ethereum-trading
Do you mean the bank as a whole?

In my view, so far we are still not completely convinced that unless the country opens up its policies globally regarding the status of Bitcoin, then banks will be able to do the same. However, if you operate where Bitcoin is not used as a legal medium of exchange, the bank will face a very risky challenge. Transaction involvement in banks is about controlling financial entry and exit, so to see banks implementing the Bitcoin payment system means we need to look at central government policies first and not immediately establish policies outside the bank's authority.