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Banks fight back!

BY: @falsefreedom | CREATED: Jan. 4, 2018, 3:08 a.m. | VOTES: 6 | PAYOUT: $0.12 | [ VOTE ]

So there are a lot of stories here in Australia of people having their bank accounts frozen for trying to invest in bitcoin and other cryptos... It is obvious that the banks are beginning to realise what kind of trouble they would be in if the world turned to crypto.

http://www.news.com.au/finance/money/investing/coinspot-rubbishes-liquidity-claims-says-it-is-getting-closer-to-turning-on-australian-dollar-deposits/news-story/ac5de7b98696121adace52b3157b8ca7

My question is - Can the banks fight back forever?

If the banks cease to allow people to convert to and from cryptocurrency this will do one of two things. Either people will be turned away from crypto, realising that once they are in, they can't cash out for the almighty dollar OR there will be a massive push for people to get into crypto while they still can and an even bigger push for it to be accepted as a mainstream currency.
So ultimately the banks are either going to save themselves or add fuel to their own fire.

Which do you believe it is?

TAGS: [ #crypto ] [ #steemit ] [ #seem ] [ #life ] [ #news ]

Replies

@falsefreedom | Jan. 4, 2018, 3:09 a.m. | Votes: 2 | [ VOTE ]

@originalworks

@originalworks2 | Jan. 4, 2018, 3:13 a.m. | Votes: 1 | [ VOTE ]

The @OriginalWorks bot has determined this post by @falsefreedom to be original material and upvoted it!
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@eatsrewards | Jan. 4, 2018, 3:38 a.m. | Votes: 4 | [ VOTE ]

Free vote for you! Yay!

@falsefreedom | Jan. 4, 2018, 3:39 a.m. | Votes: 1 | [ VOTE ]

Yay!

@steemitboard | Jan. 5, 2018, 10:01 a.m. | Votes: 0 | [ VOTE ]

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