Ask Leo: Does cryptocurrency really need a bank related regulations?

Although the world of crypto-currency is steadily expanding and gaining popularity, traditional banks are hesitant to adopt the use of these digital assets-believing that their nherent risks outweigh thei potential benefits. However, regulatory agencies such as the Currency (OCC) are working to change bank's perception of digital currencies, believing that these assets could positively crive financial institutions to a new era of innovation and efficiency.

Source
*Why Banks are Cautions of Crypto-currencies According to a study conducted by the Associations of Certified Anti-Money Laundering Specialists ( ACAMS) and U.K.'s Royal United Services Institute, nearly 63% of respondents who work in the banking industry perceive crypto-currency as a risc rather than an opportunity.

*Decentralized Nature

Crypto assets were created as an alternative to traditional banking infrastructure that don't need an intermediary and aren't tethered to the capacity of a centralized government, bank, or agency. Instead of relying on centralized intermediaries in these transactions, the trust is placed in the block chain code & the distributed nature of the blockchain.

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