Can the world bank be in charge of bitcoin?

[Zezari]

If banks are going to be responsible for bitcoin, they should accept it now as it is, but everyone refuses it because they cannot counter bitcoin transactions. If this ever happens, Bitcoin will work with banks together.

[P2P]

Why should prospective investors in the future be affected by this issue? Bitcoin and crypto were created because of the dissatisfaction with the bank system in this world, especially with the world bank. It is already stated clearly as the major reason of why Bitcoin was created.

The World Bank is not in the charge of any transaction related to bitcoins. They have released a statement which states that they are not supporting bitcoins for the sake of environmental and renewable resources. The basic answer to the question of whether decentralised finance can replace banks and traditional finance is a loud yes. Furthermore, decentralised blockchain-based systems can replace banks by providing quicker transactions, increased security, cheaper costs, and smart contracts. Unfortunately, bank charges a hefty amount while doing transactions but bitcoin does it at a much faster rate with minimal charges which makes it highly reliable.

You are too frivolous about the problem of replacing banks with decentralized finance. In my opinion, this is not possible in principle. Do you have at least an idea of ​​how the financial reporting of enterprises of various forms of ownership to the tax service takes place and what role do banks play in this? It is the banks as intermediaries that issue documents confirming transactions to these enterprises and they serve as the main documents for submission to the tax service and audit.
On the other hand, how can banks disappear if they are under the patronage and protection of the state, since they perform many useful functions for the state?

Can the World Bank be in charge of Bitcoin? No, we all know that. Because Bitcoin Bank is not a car interfering thing. Nobody talks here. The pricing of Bitcoin depends on the purchase and sale of Bitcoin.

[Alcor]

Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.

This will never happen. The world bank and decentralized cryptocurrency cannot cooperate enough to be responsible for a cryptocurrency like bitcoin. We see how negatively international banking structures react to the adoption by El Salvador of bitcoin as a national means of payment. They explicitly state that they will stop cooperating and provide financial support to El Salvador if this state accepts bitcoin. This is the real face of the world bank.

[jonathancool220]

Bitcoin has tremendous power in many ways in the cryptocurrency space and that is only in the cryptocurrency space, very different from conventional banks.
And if conventional banks apply a system of Bitcoin or press Bitcoin to be charged, then it is very much different in principle or different paths because Banks and Cryptocurrencies are different financial systems, between centralized and not centralized.

[Coin63@]

Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.

The World Bank is considered a significant regulator of Bitcoin, although the World Bank opposes Bitcoin in various ways. But the World Bank will recognize Bitcoin as a significant currency in the future.

[Mahindra]

Bitcoin is a currency that is currently gaining popularity all over the world, starting with cryptocurrencies. In particular, this bitcoin is now made up of bitcoin banks in several large countries in the country. Which is why most people invest in bitcoin. Being a bitcoin bank has made a lot of people in different countries.

[masterrex]

Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.

I think it is not going to happen because in the first place WorldBank is against the proliferation of cryptocurrencies including their decentralization purpose, Worldbank is a centralized entity manned by centralized aligned people and governments that's why it will never happen that Worldbank can manage a Decentralized cryptocurrency like Bitcoin in fact they are discouraging El Salvador about using Bitcoin as a Legal tinder.

[XM8]

If all the banks in the world approve Bitcoin, I think there will be a lot of improvement in the banking system along with Bitcoin. Because nowadays people prefer to transact through digital currency. So it would be better if we did not survive Bitcoin as a digital currency. On the one hand, as the bank cuts a certain amount of bitcoin, support will increase the value of the outgoing bitcoin, which has the potential to benefit both the bank and the bitcoin.

[zilzylian]

We don't need Banks to make transactions, it's very risky because they are third parties, we have looked at the DeFi space, you can buy Bitcoins and store them in Metamask wallets, but if banks adopt Bitcoin then they need blockchain technology that can verify user data because every the wallet will connect to the bank's central server which requires KYC for registration.

[President]

The World Bank certainly has different directions and goals for bitcoin Bitcoin has a lot of potential in the cryptocurrency space and it is very different from the conventional banks only in the cryptocurrency space.Bitcoin is a currency that is currently gaining popularity all over the world starting from cryptocurrency.The World Bank and decentralized cryptocurrency cannot cooperate enough to be responsible for cryptocurrencies like Bitcoin. We see how the international banking structure makes Bitcoin a nation This is a demand of the World Bank.

[anshor1]

Is there any possibility that the world bank might the one who is superior in charge of the said cryptocurrency, if yes please share your thoughts to us. Kindly give some enlightenment about this. Curious individual here. Maybe it will help some future investors of digital assets.

No, I think It's impossible as many opinion here. World band will never be in charge of bitcoin.
Bitcoin is volatile and can't be tracked.
No one cannot control bitcoin , I think world will not support bitcoin.

[pieppiep]

the world bank will not be able to change anything in bitcoin because in my opinion bitcoin has a strong power and cannot be controlled by anyone including the world bank, unless they want to print USDT with an unlimited amount and can play the price of bitcoin, because in bitcoin who who have a lot of money capital can provide price movements.

[kent47400]

If the world bank applies a fee to Bitcoin, then it is certain that Bitcoin is accepted in the Bank's trade itself, meaning that the Bank will accept Bitcoin payments but until now, no bank has been able to accept Bitcoin.
It is also very difficult for Banks to accept Bitcoin because Bitcoin has very extreme changes every day and of course this will be dangerous for the Bank itself because it can lead to bankruptcy.

[Muneeb22]

World bank will charge on the Bitcoin or other crypto coins when the crypto market is legal in all over the world and the banks will start to install the Bitcoin ATMs and start to pay the withdraw in cash through ATMs that is the time that the banks will start some tax on it.

[Honor20]

Many banks use blockchain technologies, but for the world bank to accept bitcoins, of course, we can still dream about this, but so of course, on the one hand, then more people would trust bitcoin, but on the other hand, I do not think that it would be good, because then it would be possible to track. Bitcoin usage is the blockchian tech; what is left in world bank adoption or acceptance, in my opinion, is the Bitcoin market volitility which I think may be handled