It's not about the crypto-currency operation itself. It's whether they are worth anything in banking/accounting terms.
It will be a nudge by nudge process. This is a start. Nothing is off the table for them.
Which side of this debate do you think the City of London and Wall Street are on? Crypto has been a panacopia for finance.
- They already think they have the upper hand.
- Or, it's too new and they haven't sorted out which scale and how much thumb pressure to apply.
But the lack of regs atm is certainly not inductive of anyone's benevolence.