Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
maz
on 13/12/2013, 12:30:43 UTC
Fighting talk!!

http://www.independent.ie/business/eu-banking-watchdog-warns-of-risks-from-bitcoin-29835212.html

"The watchdog has been studying virtual currencies for three months and is still considering whether they can or ought to be regulated. It has powers to ban them, though questions remain over how this could be done in practice."

Consumer protection, always. "We scare you, we protect you, oppose and we will crush you. The real question is, is bitcoin a risk for us?. Screw the public."

They have studied it for 3 months. That should be enough to "get it". They, as individuals, are probably now in load-up mode with borrowed money. 150 % BTC, -50 % fiat is the goal.

It has powers to ban them?

If it had any teeth to it's bark it wouldn't be allowing pay-day loan company's to get away with giving loans to children and charging people 5,853% APR. I wouldn't take them that seriously to be honest.