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The faster they move the more market share they'll obtain.
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However, it also threatens the banks' investing arm. Banks really don't like the idea of people controlling their own money. Banks have largely been against cryptos, often citing the volatility and the ability to be used for money laundering. What are cryptocurrencies and how do they work? New cryptocurrencies threaten banks in terms of payment transfers and consumer accounts.
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This is a bit of an ironic criticism coming from banks that are seemingly paying massive sums of money on a regular basis to settle allegations of money laundering or other financial crimes.
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