Are The Banks Really The Enemy Of Cryptocurrency? - Cryptocurrency Security Debate: Is It Really Safer To Let ... / Central banks play an important role.. It think bank is a enemy of cyrptocurrency they dislike bitcoin bank think about there profit. Microstrategy's michael saylor leads the musk opposition. The argument central banks make is, as currently constituted, private distributed ledger technology cannot be fully relied on without assurances that in a crisis, the holder of cryptocurrency. It's a play on the cryptocurrency. The digital era may be taking aim at central banks, but it has not yet managed to kill off the trusty encyclopedia britannica, so we turn to the.
The real reason banks don't like bitcoin banks are reluctant to work with bitcoin, that fact has been well known in the community for some time. Yes, they are one enemy, the other is governments. Since banks want to limit the growth of the cryptocurrency market, it's in their interest to see regulations that are as restrictive as possible. Banks really don't like the idea of people controlling their own money. Banks are, as a rule, skeptical of the cryptocurrency space for many of the same reasons as law enforcement and regulators — new technologies pose an increased risk for the potential for money laundering, fraud, and other forms of financial crime.
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The argument central banks make is, as currently constituted, private distributed ledger technology cannot be fully relied on without assurances that in a crisis, the holder of cryptocurrency.
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