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[AudraMiller]

The one major thing that is needed is the integration of cryptocurrency into the banking industry because this will be the key in trying to have a bridge between the fiat currency and the crypto world as well. Also i feel that this relationship will also provide the maximum benefit to the country and its economic state. In a recent news article, there has been a major development whereby the BBVA company, a spanish banking firm, has developed a new account that allows for its clients to integrate their cryptocurrency wallet as well. What do you think about such a development?

 

[ELSA-ELI]

I think that crypto currency should operate autonomously bit only be recognized as a form of trade worldwide or be legal tender.

Unlike integrating it to the banking system that will go against the original idea for cryptocurrency.

 

[Mariappa45]

Earlier on, banks in my country where into buying and selling of cryptocurrencies using the country's Fiat currency, that resulted in my country's govt banning crypto because they see such exchange devaluing the Fiat currency.

 

[Wisdom01]

Suvh development is good they would be able to trade as the bank would serve as intermediary and they would gain more revenue from the trade execution by users I think

 

[Niftyicon]

Such an integration will be highly beneficial to the banking industry and will also help users to have all financial dealings in one place but this would expose people to the scrutiny of the government more than ever.

 

[Wisdom01]

Such an integration will be highly beneficial to the banking industry and will also help users to have all financial dealings in one place but this would expose people to the scrutiny of the government more than ever.

Yeah it would be beneficial in some certain area , since the government would be able to mitigate money laundering and other dangerous dealings too that might want to happen through cryptocurrency

 

[Niftyicon]

Yeah it would be beneficial in some certain area , since the government would be able to mitigate money laundering and other dangerous dealings too that might want to happen through cryptocurrency

You are right about that. It would surely make it easier to enforce all the regulatory policies being put in place to combat such vices.

 

[Wisdom01]

You are right about that. It would surely make it easier to enforce all the regulatory policies being put in place to combat such vices.

Yeah they need all the regulations to combact vices relating to cryptocurrency , because of the mode cryptocurrency have been and a lot of people getting scammed frequently

 

[Josemendez]

This is only possible for countries where cryptocurrency transactions are legal. For a country like Nigeria , banks are banned from processing any cryptocurrency transactions