So what I'm ultimately getting out here, is that crypto currency can't go in line with banks. What are your thoughts towards this?
I think that only those cryptocurrency that are created by central banks and the regulator can go in line with banks. That is, CBDC and those cryptocurrency that they can control (emission, block and freeze accounts, track any transactions).
(0) BANKS ARE AGAINST CRYPTOCURRENCY BECAUSE THEY CAN'T MAKE MONEY FROM IT. Why should a bank, as a commercial organization (a business that makes money from money), be loyal to cryptocurrency, because of which they lose their commissions on transactions?
what makes you think banks can't make money from it? The banks are not the major problem here but the actual problem are the government. If crypto currency and central banks goes in line of agreement to have commission with each other's. They'll definitely benefit from the Bitcoin Just that the government haven't approved it yet, just as I said earlier they're scared of fraud and scams. Because the crypto currency it's a digital system which operates with regulative landscape. So some fear cryptocurrency can be used for illegal activities due to their anonymity, banks have strict anti- money laundering (AML) protocols and may hesitate deal with anything could raise red flags.