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Source: News Formal (newsformal.com)
Governor Cunliffe says explicitly, what he thinks about the whole affair; his views, widely shared, I tend2believe, do not lead to a decisive action. What forces are preventing a prompt and decisive one? Is our stability founded on throwing at people one or another virtual bone?
We need a catalyst. Enough news criticising the crypto.
Let crypto exchanges burn. They always asked for self regulation.
Shouldn't we be skeptical of a related trend across industries, turning their site/platform into a gateway to a variety of products & services to clients/users/audiences they've attracted?
Rich people problems 😂
Fractional reserve banks’ bundling of time deposits and demand deposits threatens stability. Fractional reserve banking is a double spending problem. Bitcoin solves the double spending problem. Twitter SBF_FTX X_Official elonmusk
Just buy Bitcoin and Litecoin and stop worrying about it. Grab yourself a wallet and be your own Layer 1. You do not need them.
Often regulations exist but they're not enforced properly. Is more regulation is the answer? Better application of existing rules and laws by the FCA and others against the big, bad actors, while relieving the burden on startups & emerging venturecapital funds would make sense.
Reporting this for misinformation… elonmusk Twitter … the problem is Fractional Reserve Banking, of which crypto exchanges are a sub-category. Hold your Bitcoin keys or gtfo.
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Crypto should be regulated with existing law, says former FDIC head\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. So no mention of this thing? Problem is that these laws are made to regulate dinosaurs Agreed. Not regulating or any further delay will cause opportunists like SBF of FTX exploiting retail investors.
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Crypto: new asset, old problem\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. 🚨Sam Bankman-Fried 2nd Largest Donator to Democrat Party❗️ JudiciaryGOP 🇺🇸 HouseGOP 🇺🇸 WhiteHouse Old asset soon?
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