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Author Topic: [2014-07-04] CD: EBA:Financial Institutions Should Avoid BTC & Await Regulat  (Read 920 times)
LiteCoinGuy (OP)
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July 04, 2014, 12:14:19 PM
 #1

EBA: Financial Institutions Should Avoid Bitcoin, Await Regulation

http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/

Ron~Popeil
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July 04, 2014, 07:06:49 PM
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Same stuff they always say terrorism blah blah blah, laundering blah blah blah. The miner thing is a new one but this is just another cry from the dying beast. Bit coin does not need permission.

Paladin69
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July 04, 2014, 09:55:08 PM
 #3

Translation:  Please keep using our fractional reserve lending ponzi toilet paper instead of Bitcoin.  Without people involved in our ponzi we can't control you as easy and can't continue to fund terrorism.

Time to go away and die now old aristocrat fuck sticks.
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July 04, 2014, 10:13:05 PM
 #4

This EBA is set up by politicians to control banks,
banks can avoid this easaly by using offshore  

local banks can get bitcoins true http://cryptocrimson.com/2014/07/new-etf-looks-bring-bitcoin-401k/

and offshore banking license http://www.aspenassurance.com/offshore-banking-licenses

Our Private Banking License can be achieved in a Quality Caribbean Jurisdiction for as low as $325,000 USD or BITCOIN equivalent which provides all the advantages of Bank ownership


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July 04, 2014, 10:53:19 PM
 #5

Meanwhile, the bitcoin community has warned their children to avoid financial institutions, await revolution.
ThomasCrowne
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July 04, 2014, 11:28:24 PM
 #6

Screw regulation.  Correct me if I'm wrong here but wasn't bitcoin created to circumvent all of this regulatory BS?  Why in the hell is everybody pushing for regulation...it makes absolutely no sense to me whatsoever!

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July 04, 2014, 11:38:39 PM
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Screw regulation.  Correct me if I'm wrong here but wasn't bitcoin created to circumvent all of this regulatory BS?  Why in the hell is everybody pushing for regulation...it makes absolutely no sense to me whatsoever!
I suspect many in the business community or BTC startup outfits are the ones that are content w/ certain regulations to legitimize this new arena of finance/currency.  It's not like the blockchain itself is regulated because it kind of does its own thing independent of the rest. But in order for average people to feel safer using a pioneer technology for payments when they have other/older options, perhaps some of these regs will help crypto come on sooner rather than later. The true libertarian/anarcho caste is quite finite at this time but the peripheral possibilities w/ a little extra help are boundless. I'd prefer private regulations but banks and businesses operate on a different level these days.
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July 04, 2014, 11:49:03 PM
 #8

Screw regulation.  Correct me if I'm wrong here but wasn't bitcoin created to circumvent all of this regulatory BS?  Why in the hell is everybody pushing for regulation...it makes absolutely no sense to me whatsoever!

You should get out of your mom's basement more often.

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July 05, 2014, 02:43:29 AM
 #9

Screw regulation.  Correct me if I'm wrong here but wasn't bitcoin created to circumvent all of this regulatory BS?  Why in the hell is everybody pushing for regulation...it makes absolutely no sense to me whatsoever!

You should get out of your mom's basement more often.



http://en.wikipedia.org/wiki/European_Banking_Authority

Basicly the take stress test on europian banks they can NOT force banks to not buy bitcoins....
they can only take over if a bank comes in a situation of insovancy , witch is LESS likely if a bank hedges with bitcoin.
only in a case of direct insolvancy they can overule national laws.

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