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Title: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: poncom on July 04, 2014, 10:46:57 AM http://www.bloomberg.com/news/2014-07-04/eu-banks-must-shun-bitcoin-until-rules-in-place-eba-says.html
Does anyone have more information about this? Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: davidgdg on July 04, 2014, 11:40:17 AM http://www.eba.europa.eu/-/eba-proposes-potential-regulatory-regime-for-virtual-currencies-but-also-advises-that-financial-institutions-should-not-buy-hold-or-sell-them-whilst-n (http://www.eba.europa.eu/-/eba-proposes-potential-regulatory-regime-for-virtual-currencies-but-also-advises-that-financial-institutions-should-not-buy-hold-or-sell-them-whilst-n)
Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: LiteCoinGuy on July 04, 2014, 12:35:12 PM regulation will happen, banks can start taking bitcoin. good news ;)
Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: Robert Paulson on July 04, 2014, 12:47:56 PM did you really expect the banks to simply accept the system that was created to destroy them?
never was the power of printing money given away for free, if you want honest money prepare to fight for it... Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: SpontaneousDream on July 04, 2014, 02:06:19 PM did you really expect the banks to simply accept the system that was created to destroy them? never was the power of printing money given away for free, if you want honest money prepare to fight for it... Agreed. I wonder how much/what type of regulation could be most detrimental to mass adoption of Bitcoin? Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: Bagatell on July 04, 2014, 03:01:54 PM "And that raises a meta-issue lurking behind the EBA report: It was written over many months, of course, but it arrives in the wake of an EU election that signaled a rejection of Brussels’ “bureaucratic overreach,” as the New York Times put it last week.
This raises an important question: Will Europe—that is, the EU member states and their people—listen to this report from “Europe”—the EU bureaucracy? Or will they continue to work in a decentralized fashion on getting the benefits of Bitcoin while controlling the risks?" https://bitcoinfoundation.org/2014/07/04/will-europe-listen-to-europe/ (https://bitcoinfoundation.org/2014/07/04/will-europe-listen-to-europe/) Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: Este Nuno on July 04, 2014, 03:45:02 PM It seems pretty standard all over the world that banking regulations are coming out telling banks not to deal in bitcoin(yet anyway). I'm pretty ambivalent about the whole thing because while banks buying up bitcoins would be nice on the price, I couldn't care less about them offering their bitcoin "services" to me if they are going to be anything like what they currently offer for fiat.
Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: lihuajkl on July 04, 2014, 04:24:15 PM regulation will happen, banks can start taking bitcoin. good news ;) I don't think it will happen soon. The report don't really support BTC.Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: arbitrage001 on July 04, 2014, 04:46:26 PM Anyone still able to deposit and withdraw fiat from bitstamp and btc-e with this ruling?
Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: LiteCoinGuy on July 04, 2014, 04:51:32 PM http://www.bloomberg.com/video/european-banks-advised-to-shun-bitcoin-gpvuzM2_QlWyyO9qqxWFcA.html
Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: davidgdg on July 04, 2014, 04:52:45 PM Anyone still able to deposit and withdraw fiat from bitstamp and btc-e with this ruling? It has no effect. The report contains no regulations. All it does is "discourage" banks from holding virtual currencies (which none of them do anyway). Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: LiteCoinGuy on July 04, 2014, 04:53:52 PM did you really expect the banks to simply accept the system that was created to destroy them? never was the power of printing money given away for free, if you want honest money prepare to fight for it... Fidor Bank in germany already deals very open-mindend with bitcoin business and maybe they are the first bank where you can store BTC in the future. not today, but in the future. do i think other banks will store btc and deal with it? yes, in the end i think they will do that. fact is: you just need 1-2 banks worldwide which start to deal with btc and you will see a snowball-effect. no one wants to be the last. Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: Bitcoinpro on July 04, 2014, 05:16:14 PM http://www.bloomberg.com/news/2014-07-04/eu-banks-must-shun-bitcoin-until-rules-in-place-eba-says.html Does anyone have more information about this? Economy 1.0 trying to find a floor Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: zimmah on July 04, 2014, 05:22:20 PM actually the fact that the central banks feel the need to warn regular banks to not use bitcoin (note it's not illegal, just not adviced) means that they are worried the banks are seriously thinking about getting their feet wet with bitcoin.
Otherwise they would not issue a warning like this. all these sensationalists completely misinterpreting the news all the time. Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: arbitrage001 on July 05, 2014, 05:09:35 AM actually the fact that the central banks feel the need to warn regular banks to not use bitcoin (note it's not illegal, just not adviced) means that they are worried the banks are seriously thinking about getting their feet wet with bitcoin. Otherwise they would not issue a warning like this. all these sensationalists completely misinterpreting the news all the time. My personal opinion is, in the unlikely event that bitcoin do become mainstream, half of the current banks in the world will not survive the transition. Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: Robert Paulson on July 05, 2014, 12:25:54 PM did you really expect the banks to simply accept the system that was created to destroy them? never was the power of printing money given away for free, if you want honest money prepare to fight for it... Fidor Bank in germany already deals very open-mindend with bitcoin business and maybe they are the first bank where you can store BTC in the future. not today, but in the future. do i think other banks will store btc and deal with it? yes, in the end i think they will do that. fact is: you just need 1-2 banks worldwide which start to deal with btc and you will see a snowball-effect. no one wants to be the last. one bank who is foolish enough to support the system that wants to replace it doesn't mean other banks will jump on board. there is no way the banks will give up their monopoly on money creation peacefully. if bitcoin continues to grow it will be outlawed for the sake of "economic stability", just like the US government stole everyone's gold 80 years ago when the fractional reserve fraud was starting to fall apart taking the banks with it. (https://en.wikipedia.org/wiki/Executive_Order_6102 (https://en.wikipedia.org/wiki/Executive_Order_6102)) unfortunately freedom is never given for free, if you want to be free again like your forefathers were just 100 years ago you better prepare to fight. Title: Re: EU Banks Must Shun Bitcoin Until Rules in Place, EBA Says Post by: TheTruth4 on July 07, 2014, 07:37:49 AM We've got rules. And they're better enforced by our software than your central bank's rules ever are.
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