Replying to Avatar BitcoinStu

That's not really true. Banks are heavily regulated and forced to obey the fiat masters at the Treasury and Central Bank. There are plenty of banks that would love to get involved in bitcoin and stop buying those garbage treasuries, but they can't.

Bitcoin will reform the banking industry by giving them a form of collateral that can be settled almost instantly.
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Darren Easton 1y ago

The major banks lobby the government and regulators to bend their policies in their favor. So far they have been short sighted and fear Bitcoin rather than embracing it. Yes Bitcoin does allow you to self custody and opt out of the traditional banking system but for mainstream Bitcoin adoption in the near term, support from major banks might be necessary.

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BitcoinStu 1y ago

What are "major banks"? Federal reserve partners, commercial banks? exactly what banks are you talking about?

most commercial banks would love to custody bitcoin but they are not permitted by the current regulations

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Cygus 44 1y ago

Biggest in Europe are BNP, DZ and State Street. They do crypto custody.

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BitcoinStu 1y ago

Ok so what part of "banks fear bitcoin" is true if several Euro banks are taking custody of it? Obviously BNP, DZ, and State Street do not fear bitcoin.