UK Crypto Ban? Bank Regulator: Crypto & Bitcoin Have No 'Intrinsic Value'? Um: FCA Is Controlled By The Big Banks. ;)
Yet more nonsensical anti-crypto propaganda from the controllers of the big banks via their controlled media sources and government cronies.
The UK's 'Financial Conduct Authority' allegedly making moves that 'give some people' the impression a 'crypto ban' is coming.
Problems: a) The FCA is controlled and funded by the big banks (despite trying to give the impression that they aren't. b) 'Implicit value' is missing from Fiat currencies - arguably more than it is missing from cryptocurrencies.
Links
Bitcoin Has 'No Intrinsic Value,' As U.K. 'Moves Towards' Crypto Ban - Forbes
FCA Press Release
The Intrinsic Value of Paper Money
Wishing you well,
Ura - Soul
▶️ 3Speak
What can we say these banks keep raising these propaganda to prevent crypto From growing really, getting adoption and equally mass acceptance, but like you pointed out, this is futile and it's important that they understand this in the long run
The FCA' announce is really funny! 😂🤣
Resteemed 🤗
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That is what some of the Banks are doing in order to shut down and collapse the crpto business to pave way for their investors and traders and I think this is not going to work any way, since crpto has gained ground.
As long as people pay attention, the bank controllers and their supporters will only discredit themselves in the long run.
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Hi friend @ura-soul.
They will try, they will exhaust their possibilities trying to ban it. But really what they are looking for is the way to seize encryption. Or at least get a slice.
For years they are trying to achieve the formula but they have not succeeded.
The psychological campaign is ruthless and without quarter: from the authorities trying to apply taxes, sending threatening correspondence to the crypto holders, as well as the declarations of the president himself ensuring that cryptography is not real money.
All best, Piotr.
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