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RE: Three Reasons For The Banking Industry Collapse

in #banking3 years ago

I have a feeling that if there appears to be a risk of a bank run in the form of crypto deposits, the US government at least, will put a quick stop to it and slap a ton of regs on electronic banking transactions. The problem will then become how to get your fiat into crypto form since the federal reserve system controls all electronic banking transactions. Seems a horrible scenario and would destroy confidence in the banking system. You're exactly right that the only path forward for central banks seems to be government-backed cryptocurrencies.

Great post. !PIZZA

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