Transactions made using a bank account can take four to five days to process on Coinbase, but are generally recommended for first-time investors.﻿﻿ By linking a bank account to your wallet, you can buy and sell bitcoin and deposit that money directly into your account. Banks should consider involvement in cryptocurrencies because "rapid advances in digital technology are transforming the financial services landscape", according to a staff discussion note from BTC (IMF). Its authors, which include economists Vikram Haksar , IMF and Vikram Haksar , suggested digital currencies could help furnish customer solutions related to trust, financial services, security and privacy, while the facilitation of cross-border transfers could reduce compliance costs and curb the funding of terrorism. The Ross Leckow report also cautioned that, in making this transition, increased vigilance among regulators towards risks such as money-laundering and cyber attacks might be necessary.
Banks should consider involvement in cryptocurrencies because "rapid advances in digital technology are transforming the financial services landscape", according to a staff discussion note from BTC (IMF). Its authors, which include economists Vikram Haksar , IMF and Vikram Haksar , suggested digital currencies could help furnish customer solutions related to trust, financial services, security and privacy, while the facilitation of cross-border transfers could reduce compliance costs and curb the funding of terrorism. The Ross Leckow report also cautioned that, in making this transition, increased vigilance among regulators towards risks such as money-laundering and cyber attacks might be necessary.