I beg to differ. I found that paying this years taxes involving BTC to be very painless. Services like cointracker.io made is exceptionally easy for my tax folks to process the taxes due from new coins and taxes due after I cashed out a fair bit (to pay off my house mortgage). Since the coins I cashed out were earned more than 1 year ago they were treated as long-term gains resulting in a surprising low tax rate of only 8%.

As I said earlier, as long as banks allow transfer of coins to/from other accounts -- just like fiat -- this is a huge win-win for all parties.

Total Agree with your statement what they care first is profit and second was the customer 
to be honest bank who first accepted crypto available for customer will gain more and more user, paypal mastercard and visa is one step ahead to do this i hope country who not banning will start to adapting also

yes you are right, this step will make it easier for US citizens to buy bitcoins legally. As for the recent decline, I think the impact of the negative news about China's ban is still there. that's why the price of btc has decreased. but apart from that, I see the market is doing better than last month.

The only problem that we are facing right now is the unlikelihood that other country's banks will do the same as US banks because we all know that they think different and have different opinion against bitcoin so we can't hold on too much hope that others will follow suit.

I support your point of view. From the perspective of time, Bitcoin is still a child, only 12 years old. His growth must have been ups and downs. In the early stage, the price of the currency became the harvesting tool of certain consortia, and even some The comments of celebrities can make prices rise and fall, but the overall trend is that it will be recognized by more and more countries and banks. For an exchange, it is just a very small part of the issuance process, and You may have to comply with the policies of various countries in the initial stage.

In what way do you think cashing out here will be easier than, for example, selling against FIAT on Binance and transferring it to the bank account?

ATMs have very high fees (> 5%) and charge KYC even for relatively small amounts (here in my country starting from $999), so it is very expensive and very troublesome to use such ATMs. Transferring the coins to an exchange, selling them against FIAT and transferring FIAT to my own bank account, on the other hand, costs me hardly any fees and I can do it from home.

In countries where BTC is prohibited there will be no ATMs either way For me personally, the ATMs are one thing: a great advertising tool to make Bitcoin known to the normal population, but nothing more.

That might be a good start, many Banks began allowing the currency trading that means accept bitcoin to pay the audience get bigger, although by supervision, but also suggests that encryption currency became legal, the penetration and mainstream financial institutions to participate in, it will lead to a variety of shops and Banks, the currency as a means of payment will be more and more widely recognized, This may also have an impact on some cryptocurrency exchanges, and it's unclear what the exchanges will do in response.

Relative to cryptocurrency adoption we're getting positive as well as negative news in the global market. 650 US banks allowing for the purchase of bitcoin makes the possibility of trading and other bitcoin needs met with ease. By the time Europe declaring Binance no more on usage is the news against the market. India at the same time has been gaining good momentum with more crypto adoption and new exchanges into launch and now coinbase is on the track for its launch in India.

These news will help more new users get into the cryptospace, when people get easy access.

Adoption cant be stopped at this rate. Inflation of fiat currencies is growing and with it exposure and interest in other stores of value. Great news for Crypto.. all of this I see as just building blocks for this space. It will take time, but is ultimately for the best.