RE: 😊 World’s Fourth Largest Bank To Launch its Own Cryptocurrency this Year 😁
Thanks for posting - it's fascinating to find out what's happening around the world with crypto and Mitsubishi UFG. I'm new to all this, but what I'm having trouble wrapping my brain around is why people would want a cryptocoin issued by a bank. From my (albeit limited) perspective, the reason people embraced Bitcoin at first was because they didn't want to deal with financial intermediaries, they didn't want the old, traditional banking system. And now it looks like these banks are trying to re-insert themselves as financial intermediaries, not just with their own coins, but with their own exchanges? Again, my hot take is that banks will try to present themselves as "safe" and "regulated" -- but doesn't that go against the whole idea of cryptocoins in the first place?