Interest of bank?

[zhoutong 2188]

Germany is tight in budget policy and perhaps has noticed some cryptocurrencies have a lot of potential for the future to become used as cash or instead of gold as investments. Banks want to be in crypto for the fees and consider it now a big and upcoming market.

[annayks 2314]

I don't think there is a class with the decentralized nature of cryptocurrencies. Since investors wouldn't care to use the cryptocurrency but only profit from trading them. It is not actually adoption but speculation by banks and offering ways for anyone interested to do that.

[Alimhana930 1605]

The crypto market is decentralized, which means that it is an open market and it can merge and mix with any other financial structure. The problem is that traditional financial systems have to accept such a market. Thus, when there is acceptance of the crypto market, it means that the country has changed its closed financial system to integrate this market with it.

[Brandonsaw 1973]

I would say that we do not need cryptocurrency banks since exchanges already exist and we can use them as banks since exchanges offer better investments than a bank and what banks will do is give you little interest in your cryptocurrencies is what is not appropriate for that.  I don't like that cryptocurrency banks exist.

[MalikAdnan 1662]

Yes there is no doubt Germany legalize this crypto currency with the banks but i think it is decentralized system they want to control it but they never control it because it is crypto.

[Zeshan Khalid 2577]

I think there is a difference between the adoption and backing of the cryptocurrency. Germany do not have their own crypto currency they are just adopting the existing cryptocurrencies so it is not going to affect its decentralized nature.

[Ryken8 545]

On 11/30/2019 at 3:03 PM, Sedendum said:

In Germany, a bill could legalize the sale of cryptocurrencies by banks. Is it a new speculation by banks? Does it clash with the decentralizated natura of many crypto?

 

 

 

 

 

In my opinion, banks just want to cash in on the crypto revolution since they’re not able to stop it. Just hope this don’t ruin the appeal of crypto as a decentralized currency.

[teebasas 3018]

I do not think that banks are able to control digital currencies as these currencies were created in order to eliminate the role of centralization, but it may be that governments began accepting and recognizing it.

[guatazoo 7150]

On 11/30/2019 at 10:03 AM, Sedendum said:

In Germany, a bill could legalize the sale of cryptocurrencies by banks. Is it a new speculation by banks? Does it clash with the decentralizated natura of many crypto?

 

 

 

 

 

So thats means the German bank were only legalize the sells of cryptocurrencies without buying it? If they did that, it means the crash into cryptocurrencies must be happened somehow. 

[David miller 420]

Good post, personally my point of view bank provide facility for us ,if we want to advantage,bank always profit able then other because it's very secure and bank accept such payment,that is good facility.

[Rozy 1918]

Your question is super important and you are perfectly right about it, there should be no banks nor bank note included in the work of cryptocurrency or the whole domain will turn into a controlled and dominated field and there will be a necessity to provide a KYC to secure your money and the field will lose all of its special characteristics.

[Amr90 1064]

On 11/30/2019 at 9:03 AM, Sedendum said:

In Germany, a bill could legalize the sale of cryptocurrencies by banks. Is it a new speculation by banks? Does it clash with the decentralizated natura of many crypto?

 

 

 

 

 

Did you mean that the bank allows you to pay from your account with Bitcoin?
If so, then of course this is considered interference in crypto decentralization,
But I think that banks and companies will somehow try to enter crypto in their fields of work in order to follow the development taking place, otherwise they will not be able to compete in the future environment that depends on electronic means.

[abdullah553 1981]

On 11/30/2019 at 9:03 AM, Sedendum said:

In Germany, a bill could legalize the sale of cryptocurrencies by banks. Is it a new speculation by banks? Does it clash with the decentralizated natura of many crypto?

 

 

 

 

 

There are many banks that oppose digital currencies because it will reduce their profits and that people will withdraw their money from banks and put it in the encrypted financial markets

[abd1992 960]

On 11/30/2019 at 9:03 AM, Sedendum said:

In Germany, a bill could legalize the sale of cryptocurrencies by banks. Is it a new speculation by banks? Does it clash with the decentralizated natura of many crypto?

 

 

 

 

 

Banks are starting to gain from Bitcoin’s control over the markets, and thus traditional banks will be abandoned and closed

[Msh9 84]

A wonderful and very useful topic for dealing with cryptocurrencies with banks. Banks earn good profits through trading, deposits and withdrawals. Banks get good profits.

[Adavance 461]

Perhaps a system to monitor the cryptocurrency market, and considering the status of Germany as an economic leader in the European Union, I do not think such an initiative will be individual without returning to other countries like France by example.

[khan22 3478]

On 11/30/2019 at 12:03 PM, Sedendum said:

In Germany, a bill could legalize the sale of cryptocurrencies by banks. Is it a new speculation by banks? Does it clash with the decentralizated natura of many crypto?

 

 

 

 

 

Germany make a very good decision that they legalize the crypto market becasue in this market we need fully support and so many traders now trade in this market and they make good money and so many traders will just wait that the crypto market is legal in their country than they start trading in it.

[Cleaner 2549]

On 11/30/2019 at 1:03 PM, Sedendum said:

In Germany, a bill could legalize the sale of cryptocurrencies by banks. Is it a new speculation by banks? Does it clash with the decentralizated natura of many crypto?

 

 

 

 

 

Bitcoin has been legalized in Germany.  But they are trying to control Bitcoin.  They may adopt plans to buy cryptocurrencies by bank.  But they will never be able to control crypto coins.  Because cryptocurrency is a volatile currency.  However, they can convert crypto currency into fiat through banks, which will benefit the people of the country.

[zeshan1122 654]

even if you are buying with the banks that doesnot means that you can not make other than bank transactions so no one take control over the cryptocurrency.

[Wane Rastuar 583]

I wonder how will that work. If they truly accept cryptocurrencies in present form, how will it work with taxes, or even fianancial products, since the volatility is so high, a million dollar hedge fund, can loose thousands from it value, and make a big loss. But hey I am not complaining, way to go Germany

[muradalam837 4]

We all wish that, and the decentralized nature of the cryptocurrency is the biggest problem for banks and governments, so we do not know if it will surpass it one day and start dealing with it.

[bisarkadan 0]

If that's a move by the German government, as to make this type of decision concerning that of Crypto currencies,, to be involved in banks as where uses can but Crypto also from, then its going to be healthy good on this initiative in Europe if possible

[polobkhan 532]

Bank interest Yes I think the bank has some interest but I know what its interest is.  Now you can invest in it and you can make a profitable transformation business, and considering Germany as the European Union's economic leader, I don't think this national initiative will be personal.  Come back to other countries like France.

[migeljah 537]

Yes of program the devolution of crypto remains, but subsequently that hard work in the pile accordingly as not to fail to take the repayment in next the increase of the age with crypto.  So they accept, but with the point toward of at rest having transactions in the depository system.

[Idaho Bruk 573]

Banks can't control crypto currency and banks taxs is very high and interest low in crypto currency no any taxs or transaction charges