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RE: BIS Chief Fears "Systemic Threat" Of Bitcoin, Urges "Pre-emptive Action" From Authorities

in #bitcoin7 years ago

Centralized banks as " as stewards of public trust..."

Because Crypto currency is sooo involved in the drug trade & laundering..

Oh wait...
Just in 2014 HSBC evaded criminal prosecution by paying a fine of almost $2 billion for Drug laundering in Mexico.
The lack of imprisonment of any bankers involved is indicative of the hypocritical nature of the drug war; an individual selling a few grams of drugs can face decades in prison, while a group of people that tacitly allow — and profit from — the trade of tons, escape incarceration.

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Some people...make it so obvious.

Great post @Zer0hedge