ECB wants to eliminate BTC risks
In a new letter to banks, the regulator emphasizes the need to limit the use of cryptocurrencies, despite the fact that the Basel Committee on Banking Supervision’s standards have not yet taken effect.
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The wording is the same as always: cryptocurrency is not well-established and thus has no effect on the banking system. However, if it becomes widely accepted, all of the risks associated with cryptocurrency will be transferred to traditional finance.
It's worth noting that the bankers used the term “crypto winter” directly in the text. They will soon start using “hodl,” and “to the moon,” completely ignorant that they have been infected by the cryptovirus.
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