Does the local banks in your country accept crypto currency?

[Stardom22]

In my country we have quite a good number of the international banks that accept the cryptocurrency for sure. We actually have no problem with exchanging crypto to the local fiat currency for sure. What is your take?

 

[monster_masterpiece]

It is possible with binance like you send crypto to a person and he do a bank wire or reverse operation, bank only accept fiat and no crypto address provider, it varies from country to country for sure.

 

[eLdavis]

From what i know, banks here don't accept bitcoin directly. Or should i say they don't have an official channel where they receive crypto.

 

[monster_masterpiece]

From what i know, banks here don't accept bitcoin directly. Or should i say they don't have an official channel where they receive crypto.

Majority of countries are like this.

 

[Min George]

From what i know, banks here don't accept bitcoin directly. Or should i say they don't have an official channel where they receive crypto.

Is there even any bank in the world that accepts bitcoin? I strongly doubt there is. It would kill the local currency.

 

[Suba]

In my country, there is a ban on local/global banks and other financial institutions from conducting crypto transactions, so for crypto transactions, whether buying/selling, trading, investing, they must go through a crypto exchange, either local or global, while receiving or paying local money from crypto transactions can be done through a bank.

 

[Kross]

Local banks in my country would ban any account that they suspect is into cryptocurrency activities.

 

[riberet19]

No, in my country local banks have not yet accepted cryptocurrencies as an asset or means of payment, but given how the landscape is in terms of cryptocurrencies and regulation, I wouldn't be surprised if this happened quite soon.

 

[magnus2022]

Cryptocurrency is still illegal in my country and any crypto transaction will be frozen immediately. But thank God for P2P. In most transactions, you are prohibited from mentioning cryptocurrency in the remarks!