Re: Should banks offer Bitcoin custody and payment services?
i guess you missed all of the central banking notifications of the world (china, canada, russia, bolivia, etc etc)
Quote from: ICICIbank
ICICI Bank is India's largest private sector bank with total assets of Rs. 5,946.42 billion (US$ 99 billion) at March 31, 2014 and profit after tax Rs. 98.10 billion (US$ 1,637 million) for the year ended March 31, 2014.
my knit pick beats your knitpick..
Wonderful.
So, with the following nit-pick adjustment, agreement has been reached?
Quote
A private sector bank can own BTC. A private sector bank can sell BTC. There is no obligation to adhere to the same regulations that apply to fiat aside from what is already established for you and I just because it is a private sector bank. A private sector bank can buy and sell cars, snow cones, or goats if they want (and often do in the case of recovered collateral). There is no way to stop private sector banks from entering BTC. If we can say BTC cannot be owned by entity X, then the same can be said for person Y.
While we're at it, you should probably fix your earlier post to avoid causing confusion:
read all of the central bank announcements. they only deal with fiat directly. not bitcoins, not baked beans not gold.
if you want bitcoins go to an exchange/localbitcoins (or anywhere else that's willing to give you some)
if you want baked beans go to a grocery store
if you want gold go to a pawn shop.
if central banks included bitcoins as on of their 'financial products' then regulation will own bitcoins
if you want bitcoins go to an exchange/localbitcoins (or anywhere else that's willing to give you some)
if you want baked beans go to a grocery store
if you want gold go to a pawn shop.
if central banks included bitcoins as on of their 'financial products' then regulation will own bitcoins
I'm not even sure what that last sentence even means, but you inability to make sense isn't my problem.
Probably need to fix this previous post as well:
in reality central banks are under contract to only touch FIAT directly, by the mint/fed/government.
but in a hyperthetical / political fiction story.
anyone can get bitcoins more easily, and businesses can pay bills/taxes more easily.
but that wont happen in reality. its far easier to make bitcoin grow to a point that central bank accounts are not needed for daily living. rather then getting central banks to distribute bitcoins.
but in a hyperthetical / political fiction story.
anyone can get bitcoins more easily, and businesses can pay bills/taxes more easily.
but that wont happen in reality. its far easier to make bitcoin grow to a point that central bank accounts are not needed for daily living. rather then getting central banks to distribute bitcoins.
As for the following:
you will not see a central bank teller swap FIAT for sweaty shoes, baked beans or bitcoins..
Do central banks have tellers?
