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Scraped on 17/06/2025, 19:58:53 UTC
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In my opinion, i think the banks can offer interest bearing crypto accounts, others ways. Your thoughts

it's just not possible since banks are bound by regulations that restrict them from accepting high-risk assets.-- and in this case, cryptocurrency is still considered a high-risk and speculative asset... banks do not consider accepting this type of asset because it is too risky for them and has the potential to cause harm. other considerations include high volatility, which can cause crypto assets to drop drastically in value, and the fact that crypto assets cannot be insured by government agencies, unlike traditional assets typically insured by banks. these factors prevent banks from implementing this idea.

however, that doesn't completely stop banks from entering the crypto world. in the future, banks may adopt blockchain technology for their internal systems, offer crypto custody services to their customers, provide ETFs, and collaborate with exchanges for deposit and withdrawal integration. these options could present valuable opportunities for banks, especially as more of their customers begin using cryptocurrency. there’s no reason for them not to explore potential in the crypto market.
Original archived Re: Banks find it difficult to come in into crypto, but it is possible.!
Scraped on 17/06/2025, 19:54:10 UTC
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In my opinion, i think the banks can offer interest bearing crypto accounts, others ways. Your thoughts

it's just not possible since banks are bound by regulations that restrict them from accepting high-risk assets. and in this case, cryptocurrency is still considered a high-risk and speculative asset... banks do not consider accepting this type of asset because it is too risky for them and has the potential to cause harm. other considerations include high volatility, which can cause crypto assets to drop drastically in value, and the fact that crypto assets cannot be insured by government agencies, unlike traditional assets typically insured by banks. these factors prevent banks from implementing this idea.

however, that doesn't completely stop banks from entering the crypto world. in the future, banks may adopt blockchain technology for their internal systems, offer crypto custody services to their customers, provide ETFs, and collaborate with exchanges for deposit and withdrawal integration. these options could present valuable opportunities for banks, especially as more of their customers begin using cryptocurrency. there’s no reason for them not to explore potential in the crypto market.