From Enemies to Lovers: Fed Eases Crypto Bank Rules

[target]

FED allowing banks to hold crypto is a good indication of bullish market though. I wouldn't think of FED having more benefit in making banks a holder of crypto.

If FED are up to collect more taxes from holders, it wouldn't matter anymore since government will always ask more. But this is why there is more reason to keep yourself private with crypto.

[Aanuoluwatofunmi]

As long as the rules are still there, they are meant to be obeyed and strictly followed, they cant bend them, but it may be eased to an extent unlike the way they started with, but of it all, we need a more friendly regulatory framework for the use of crypto and how they can also support the same use with the commercial and financial institutions, adopt bitcoin as well as a legal tender and everyone should be rest assured we are having an alternative to the use of fiat currency.

[Bobcrypto]

Frankly, I don't trust banks or their friendship with Bitcoin. Can the two traditional enemies become close friends? I doubt it, because banks are fully centralized, while Bitcoin is fully decentralized.

I believe that such facilitations for banks to deal with Bitcoin and cryptocurrencies may be part of a long-term policy pursued by governments to contain Bitcoin rather than ban it. I hope I'm wrong and that this shift is actually toward adopting Bitcoin and cryptocurrencies, not containing them and centralizing them by linking them to banks.

Actually, many government technocrats and expert had done some searches about about Bitcoin, and i am sure that Bitcoin has the potential to dominate faits, hence the facilitation is been initiated out of the existing fears a total Bitcoin dominating banks.
Since the inventions of Bitcoin, there has been strong battle by banks, using every means possible to ban the use of Bitcoin, but all failed. Now they are back again trying to make a unnecessary union but it still gonna fail. The reason, just like you mentioned, is basically the different in concept, Bitcoin is  a decentralized digital currency, while bank operates a centralized system.

Again, like I said in one of my post reply, the union or links between bank and crypto would have helped the banks to generate more revenue but will not be an attempt to make Bitcoin a centralized ecosystem. Bitcoin will always remain a decentralized digital currency in whatever plans the government has planned.