Bitcoin Making Big Banks Anxious – Why? – Bitcoints

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Published on October 12th, 2017 | by bitcoin

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Bitcoin Making Big Banks Anxious – Why?

However, that same little upstart is now disrupting the system of things; from Bitcoin and other cryptocurrencies, ICOs and the ever impressive Blockchain technology.
“Bitcoin’s skyrocketing run in value, as well as adoption and mainstream acceptance, has led to banks – and regulators, getting very nervous and instigating a few knee jerk reactions.
Bitcoin taking on the banks
Regulators are trying to play catch up with Bitcoin and other cryptocurrencies, realising now that it’s not going away.
In fact, it is challenging their monetary system which is intrinsically linked to banks, and especially central, government-backed, banks.
However, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous.

Source: Cointelegraph.com



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