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[NoLimits15]

Avanti is partnering with Blockstream and is bringing first-ever regulated crypto bank in the US, which is going to launch in Wyoming state. Avanti plans to bridge the gap between digital assets and traditional money, giving a chance for investors to explore cryptocurrencies. They have already gotten a proper license and will launch next year (in 2021). What are your thoughts?

 

[Balint098]

Good development for crypto in the US. Do you know what kind of crypto they will support? Seems this one is more like an investment bank than anything else.

 

[Rassy011]

Wow, this is a very good news for the future of crypto in the US, very soon other countries that have accepted crypto currency legally will definitely follow suit and will further increase the popularity of crypto.

 

[Roysnickz]

Waoh! Wonderful idea, great innovation. It is going to be a significant progress in the crypto currency industry. With this initiative, other nations of the world will likely follow suit. Gradually we will get there.

 

[Balint098]

All they gat to do is to establish a Bank for bitcoin

Making a bank is not an easy task though. Unlike US that has strong security system, African nations should build mnore infrastructures first to support bitcoin.

 

[Ewogboka]

I am just wondering how they tend to regulate the Crypto currency market or may be they will have their own coin to be used in regulating fiat to Crypto currency.

 

[Balint098]

I am just wondering how they tend to regulate the Crypto currency market or may be they will have their own coin to be used in regulating fiat to Crypto currency.

They will tightly regulate the bank, but not the crypto sphere as a whole. I don't think they will release their own cyrpto or anything like that.

 

[Ewogboka]

They will tightly regulate the bank, but not the crypto sphere as a whole. I don't think they will release their own cyrpto or anything like that.

The word regulate or centralised doesn't correlate with Crypto currency.
Regulate the bank as not involving in Crypto currencies investment or what?

 

[Balint098]

The word regulate or centralised doesn't correlate with Crypto currency.
Regulate the bank as not involving in Crypto currencies investment or what?

Like I said cryptocurrency itself cannot be regulated, but the bank (and only the bank) can be placed under tight monitoring by the US government and relevant agency.

 

[Reznov]

this is actually so good to hear, will it expand to be worldwide just like payoneer and paypal ? i hope they open some branches in other countries

 

[Balint098]

Most likely than not, local/national level banks will follow suit and begin accepting crypto investment. I can't see one international bank starting to branch off in various countries.

 

[Ewogboka]

Most likely than not, local/national level banks will follow suit and begin accepting crypto investment. I can't see one international bank starting to branch off in various countries.

Let's hope this work for good. On daily basis positive development keep unfolding in the Crypto currency world , guess other banks will surely follow suit.

 

[Wisdom01]

Hmm this is good to hear , since people like anonymous transaction of crypto currency interns of buying ,selling, sending and others , I don't think there will be more useage of the bank

 

[Wisdom01]

Personally I feel this might take away the anonymous nature of cryptocurrency transactions.on the other hand,it will help boost the popularity and boost the value of cryptocurrencies and encourage more people to embrace it.

It can't take away the anonymity of crypto as a whole , the bank was made in just a country and not affecting crypto in any way , people can still do their anonymous transaction

 

[Balint098]

11 years since Bitcoin was born in 2009, crypto will stay for sure. The problem is now just the matter of acceptance and regulation, and maybe also more adoption by businesses.

 

[Brain]

I'm just been reading good news about the digital world today. I'm glad there's a lot of acceptance today. Banks coming in now sounds awesome.

 

[crypworld]

Does Avanti still exists and how is it functioning?

I'm excited and curious to know because this is something new.

 

[Binita100]

A good development i am glad there are now crypto banks available, where people could do their crypto and others? , its innovative

 

[Niftyicon]

More financial institutions are making crypto services available to their customers so that they can have their digital assets and fiat managed from thesame source. It is a good development indeed.

 

[Binita100]

More financial institutions are making crypto services available to their customers so that they can have their digital assets and fiat managed from thesame source. It is a good development indeed.

I love to see that since it contributes in helping the crypto community , if more banks continue to support it , there would be some level of confidence in investing