So, Danske Bank finally ended their crypto ban after almost 8 years. They realized Bitcoin's potential and are offering Bitcoin ETPs now, even including ETH. Looks like they’re adapting to the current market.
Danske Bank Lifts Crypto Ban and Introduces Bitcoin ETPs
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just_laserMember
Posts: 11 · Reputation: 130
#2Feb 21, 2017, 04:40 PM
Bad timing for sure? If they did this while Bitcoin was on a roll, it would’ve made more sense. But hey, there’s still 2028 to think about. I see this as good news, regardless of banks trying to jump on the trend.
falcon_alphaMember
Posts: 167 · Reputation: 182
#3Feb 23, 2017, 07:23 PM
Yeah, good point. It’s definitely a win for crypto fans in Denmark. No more fear. They can decide for themselves, and it’s nice to see banks give a nod to crypto without forcing anything.
Definitely positive for Bitcoin investors. With all the speculation and new uses popping up, this could be a big deal. The dip might just boost the price soon and show that Bitcoin is still a solid investment.
I dunno. If they’re still not letting people buy or sell crypto directly, what’s even changed? These ETPs are cool and all, but they’re not actual Bitcoin. You can’t withdraw them or make payments.
There’s never a bad time for Bitcoin tbh. People who bought in during bull runs might not get the full benefit. Real investors know the value when they buy low. And what’s this 2028 thing? Bull run hype again?
On one side, this is adaptation. Banks are finally taking notice of crypto. They have to loosen up a bit or risk losing clients to exchanges. But they still want to control everything, so offering ETPs is their way.
It’s like this keeps happening. I’ve read about banks allowing their customers access to Blackrock ETFs recently too. Not a bad thing, but investors need to remember the difference between real Bitcoin and these financial products.
Excited that more countries are acknowledging crypto's importance. It’s better to take time and make informed decisions rather than rush into things. Now they're realizing they can’t ignore Bitcoin if they want to stay relevant.
Profit over privacy, right? It’s obvious they lifted the ban just to make money off Bitcoin. They couldn’t control it before, but now they’ve changed their tune. Makes sense from a business perspective.
Honestly, banks were scared of Bitcoin. They thought it would compete with fiat. Now they understand it better and know it’s not just for illegal stuff. But some still won’t let customers buy Bitcoin directly.
chain_2011Newbie
Posts: 65 · Reputation: 28
#12Feb 24, 2017, 03:05 PM
Not convinced this is true adaptation. It’s just the bank trying to profit from Bitcoin trading while keeping themselves distant from the actual currency. ETPs don’t help the real Bitcoin network.
Feels kinda selfish to lift the ban just to profit. If they really cared, they should’ve removed the ban before launching ETPs. It's like they waited to find a way to capitalize on Bitcoin without supporting decentralization.
I’m curious about the details. Are they really just offering ETPs? I hope they don’t keep preventing people from buying and holding Bitcoin on their own. That’s a huge barrier still.
That statement from the Danske Bank head can swing both ways. It could be a smart move to educate people. Or maybe it’s just about maintaining stable profits. I guess we’ll see how this unfolds.
What’s true adaptation anyway? If it means making money off Bitcoin’s popularity, then sure. But if it’s about accepting Bitcoin as a legit currency, then that’s not it. They care more about profit.
You know banks want more customers buying BTC through them. They’re not about to let people buy direct. They want revenue while keeping the BTC safe in their custody.
kevin_omegaMember
Posts: 6 · Reputation: 59
#18Feb 25, 2017, 04:52 AM
Bankers were anti-Bitcoin until they realized they couldn’t control it. Now that Wall Street’s involved, they’re changing their attitude. It’s about power and profit, not genuine support for Bitcoin.
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