Indeed the FUD is real and they are doing everything they can in order to put it down and have them retain their place in the sun a little bit longer.
We all know how the Blockchain technology will make them extinct.
Who needs the bankster who are acting like middlemen and gorging themselves to money that it is not theirs.
This technology is something they can only push back for sometime but most entities and companies have already seen the potential for mass adoption of it.
Cryptocurrency and blockchain are going to crush the bankers. This action proves it. There is no way to defend against the Internet coming to your industry. When it does, the fallout is great. Just ask the newspapers, magazines, record companies, and video cassette rental places how that worked out. While we are at it, perhaps we could look at how AT&T's long distance division is doing. All these were obliterated by the Internet.
There goes the boom!
Banks can make adjustments. They will evolve. They have the money to make adjustments. Everyone will win nobody has to lose. We will get better competition and products.