Wonderful.
So, with the following nit-pick adjustment, agreement has been reached?
So, with the following nit-pick adjustment, agreement has been reached?
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A private sector bank can own BTC. A private sector bank can sell BTC. There is no obligation to adhere to the same regulations that apply to fiat aside from what is already established for you and I just because it is a private sector bank. A private sector bank can buy and sell cars, snow cones, or goats if they want (and often do in the case of recovered collateral). There is no way to stop private sector banks from entering BTC. If we can say BTC cannot be owned by entity X, then the same can be said for person Y.
thats a more fair description yes, i bow down to you
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if central banks included bitcoins as one of their 'financial products' then regulation will own bitcoins
financial products. banks call "share dealing" a financial product, "derivatives" is another financial product, "commodity trading" another "financial product"i prefer the word service.. but the banking world is never straight forward.
back to the translation.. if central banks offered bitcoin services directly then banking regulations would control bitcoin.. and inevitably end up owning bitcoin,