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Author Topic: EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL  (Read 3401 times)
yomofo (OP)
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July 04, 2014, 09:49:36 AM
 #1

http://mobile.reuters.com/article/idUSL6N0PE4M420140704?irpc=932


Quote
TOP NEWS
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
Fri, Jul 04 05:00 AM EDT

inca
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July 04, 2014, 09:51:34 AM
 #2

http://mobile.reuters.com/article/idUSL6N0PE4M420140704?irpc=932


Quote
TOP NEWS
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
Fri, Jul 04 05:00 AM EDT

The implication being new rules allowing banks to hold bitcoin are on there way. Note it is 'advice'.

Sounds bullish to me.
windjc
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July 04, 2014, 09:57:55 AM
 #3

http://mobile.reuters.com/article/idUSL6N0PE4M420140704?irpc=932


Quote
TOP NEWS
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
Fri, Jul 04 05:00 AM EDT

This seems so 2013 to me. I think we are passed the point where this advisory really matters. Once Wall Street and us banks get involved in bitcoin, Europe will be forced to move forward with regulations. Europe, as always, is never going to lead.
inca
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July 04, 2014, 10:07:25 AM
 #4

Perhaps they have seen some moves from EU private banks towards bitcoin and they want to stop it..

The timing is suspect as always, just when technically btc could break out.

Remember the central banks are a global cabal.
dgarcia
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July 04, 2014, 10:11:53 AM
 #5

Seems that stamp is not amused about it  Grin

Hyena
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July 04, 2014, 10:13:14 AM
 #6

Seems that stamp is not amused about it  Grin



why? It's just advice.

★★★ CryptoGraffiti.info ★★★ Hidden Messages Found from the Block Chain (Thread)
dgarcia
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July 04, 2014, 10:16:37 AM
 #7

Seems that stamp is not amused about it  Grin



why? It's just advice.

I don't know. Maybe we need a reason for a small retracement. If there whould not have been this reason, than maybe that the big economic empire of Burundi has forbidden bitcoin  Grin
falllling
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July 04, 2014, 11:01:47 AM
 #8

Seems that stamp is not amused about it  Grin

why? It's just advice.

when Central bank releases "advice" not to deal with bitcoin means "BAN" bitcoin
escrow.ms
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July 04, 2014, 11:10:39 AM
 #9

They are fucking stupid or what? Bank's does not Hold/Buy or sell bitcoins, people do.
And bank's can't stop you to spend your money even if it's bitcoin or some other virtual currency.
dgarcia
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July 04, 2014, 11:14:38 AM
 #10

But this a logical problem now, if a bank already holds bitcoins...

...what should they do now?!

They should not hold, but also should not sell them...

 Huh  Grin
Ivanhoe
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July 04, 2014, 11:15:27 AM
 #11

".......Until new rules in place".

This is actually bullish.
falllling
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July 04, 2014, 11:16:21 AM
 #12

But this a logical problem now, if a bank just holds bitcoins...

...what should they do now?!

They should not hold, but also should not sell them...


“The more likely result of the announcement is to scare people from using digital currencies rather than banks.”
pedrosoft
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July 04, 2014, 11:19:15 AM
 #13

".......Until new rules in place".

This is actually bullish.


+ very very bullish ! Wink
falllling
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July 04, 2014, 11:20:58 AM
 #14

".......Until new rules in place".

This is actually bullish.


+ very very bullish ! Wink

the price droping and dumping told you this is more bear trap than bull trap, stop fooling people !
Hyena
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July 04, 2014, 11:22:30 AM
 #15

".......Until new rules in place".

This is actually bullish.


+ very very bullish ! Wink

1. "keep away from bitcoin!"
2. (secretly buy shit load of bitcoins yourself)
3. "now buy bitcoin!"
4.
5. profit

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maker88
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July 04, 2014, 11:33:46 AM
 #16

Seems that stamp is not amused about it  Grin

why? It's just advice.

when Central bank releases "advice" not to deal with bitcoin means "BAN" bitcoin

except it doesnt, at all. maybe you don't understand english well, but there is a reason we have a word for advice, another word for regulation, and a whole different word for ban. they do not correlate. you are dumb.
maker88
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July 04, 2014, 11:34:55 AM
 #17

".......Until new rules in place".

This is actually bullish.


+ very very bullish ! Wink

the price droping and dumping told you this is more bear trap than bull trap, stop fooling people !

perhaps you also don't understand what a bear trap is? let me illustrate it for you. V. see the middle? thats where we are. see the right side? can you guess where that is on the time line? probably not, cuz you're dumb.
falllling
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July 04, 2014, 11:38:36 AM
 #18

".......Until new rules in place".

This is actually bullish.


+ very very bullish ! Wink

the price droping and dumping told you this is more bear trap than bull trap, stop fooling people !

perhaps you also don't understand what a bear trap is? let me illustrate it for you. V. see the middle? thats where we are. see the right side? can you guess where that is on the time line? probably not, cuz you're dumb.

you say this is a good buying time? then go ahead sell your house and buy bitcoins or stop fooling people
wonkytonky
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July 04, 2014, 11:39:21 AM
 #19

http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014-08+Opinion+on+Virtual+Currencies.pdf

just read the thing..

"178. The EBA also recommends that EU legislators consider declaring virtual currency exchanges
as ‘obliged entities’ that must comply with anti-money laundering and counter terrorist
financing requirements set out in the EU Anti Money Laundering Directive"


stamp is already doing this.




Whatever. And no you haven’t been in bitcoin since 2010. Plus if you really feel the way you do. Then sell. Have conviction. If not keep pounding sand.
Elwar
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July 04, 2014, 12:06:11 PM
 #20

And the reason (other than the obvious...OP) why this is in the Speculation forum?

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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