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[SCAMEXPOSER]

The Spanish banks have discovered the enormous potentials in cryptocurrency. They are keenly interested in offering cryptocurrency services to their customers and set up arrangements to even comply with any regulations attached to it, already there are plans to register for the list of virtual asset service providers and custody organizations. These must be compiled by the Bank of Spain before October 29. Already, Spanish banks are currently complying with anti-money laundering laws.
If this development could spread to other part of the country it will be fine.

 

[AudraMiller]

The fact of the matter is that just like many other countries, Spain is also eyeing to produce its own token that might be issued by the central bank of the country. This is a proposition by the ruling party in Spain as of now and I guess that it could be a great decision by the country's government if they manage to create their own token.

I think that this is a good idea if there is a way that they can get that to almost try to supplement or many even try to show that it is a currency that will work together with their fiat currency because that is the only way that it will be successful. This way people will have confidence in it as well and will look forward to using it.

 

[gammarays]

It's a good news to know that banks and other financial institutions are beginning to see the enormous potentials in crypto. Instead of working against crypto, they can look for ways to harness it's benefit and increase their earnings. There's a lot to gain from crypto currency especially if you give it time. The period is coming when banks will no longer work against crypto but will support savings, deposits through it.

 

[Ben Kempton]

It's a good news to know that banks and other financial institutions are beginning to see the enormous potentials in crypto. Instead of working against crypto, they can look for ways to harness it's benefit and increase their earnings. There's a lot to gain from crypto currency especially if you give it time. The period is coming when banks will no longer work against crypto but will support savings, deposits through it.

I guess that the only reason why the bank of Spain might have been offering cryptocurrencies is due to the fact that they are getting the opportunity to earn interest. We must remember that the bank or the government would only offer something or some kind of privilege when they themselves get benefited.

 

[AudraMiller]

It's a good news to know that banks and other financial institutions are beginning to see the enormous potentials in crypto. Instead of working against crypto, they can look for ways to harness it's benefit and increase their earnings. There's a lot to gain from crypto currency especially if you give it time. The period is coming when banks will no longer work against crypto but will support savings, deposits through it.

I think that there is a point that all of the banks are starting towork on the assumption that if they can't beat cryptocurrency then they might as well imbrace it in order to try and at least make some sort of profit from it as well and therefore it will be a beenfit to the citizens and the bank and the crypto world as well.

 

[fiery phoenix]

Good move but to avoid the detrimental effects of crypto on their economy,they should be patient and not make it legal tender like El Salvador but just a currency that can be speculated upon by traders on exchanges.They should also tighten their AML policies because they are being evaded in many countries which have done the same

 

[ELSA-ELI]

Introducing crypto to the banking system is not the problem, the problem is getting ahead with the plan. There are some countries that have introduced crypto to their banking systems but couldn't really withstand the volatility of cryptocurrency until the policy became a shadow of itself.

Would love to hear more of the facts finding concerning this matter of intergrating cryoptocurrency to the banking system and recognizing it as legal tender,I too think that cryptocurrency and the banking system should just co_exist and not being in the state of competition for who can provide the best and quality services amongst the two.