European Central Bank Says Bitcoin Is On 'Road to Irrelevance'

, especially in the U.S., and that legislation and regulatory frameworks have been so slow to roll out since legislators still believe they must bow to the whims of innovation. They seem to imply any tacit approval of bitcoin, whether by governments or financial institutions, only further perpetuates the fraud.

“The supposed sanction of regulation has also tempted the conventional financial industry to make it easier for customers to access bitcoin,” the ECB pair wrote. “This concerns asset managers and payment service providers as well as insurers and banks. The entry of financial institutions suggests to small investors that investments in bitcoin are sound.”profits caused

Poor Chicolini.

Good sign.

Bitcoin is irrelevant. We are phasing out bearer banknotes. Pay no attention to our competition. Businesses deemed to be criminal, or merely morally dubious, are systematically cut off from official banking. We are the only ones that can be trusted. Dump BTC.

During a seance George Raft said He couldn't see a use for them.

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