With big banks like Santander, this is, perhaps, understandable. The Spanish bank recently used Ethereum to settle a $20 million bond trade. Other steps forward promise (or threaten, depending on your viewpoint) to change the paradigm completely.

Cryptocurrency networks display a lack of regulation that has been criticized as enabling criminals who seek to evade taxes and launder money. Money laundering issues are also present in regular bank transfers, however with bank-to-bank wire transfers for instance, the account holder must at least provide a proven identity.In September 2014 TeraExchange, LLC, received approval from the U.S.Commodity Futures Trading Commission 'CFTC' to begin listing an...

It is not that one individual is more trusted than another or one central bank relative to another; it is simply that, on an individual level, no individual is advantaged by someone else having the ability to print money, regardless of identity or interests.

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