BNP Paribas is a major French Bank. http://www.bnpparibas.com/en
$9bn fine? Ha. Banks shit this kind of money in one trip to the bathroom. I don't know about you, but I shit 3-5 times a day.
Paying fines is just considered a cost of doing business. Every major bank has to pay the U.S. Government at some point. Like a gangster shaking down a storekeeper for protection money...except the government does it under the guise of morality. Which makes it all the more fucked up.
$9bn fine? Ha. Banks shit this kind of money in one trip to the bathroom. I don't know about you, but I shit 3-5 times a day.
Paying fines is just considered a cost of doing business. Every major bank has to pay the U.S. Government at some point. Like a gangster shaking down a storekeeper for protection money...except the government does it under the guise of morality. Which makes it all the more fucked up.
The amount is significant. This is the largest financial sector fine in history, dwarfing the recent $1.9 billion HSBC fine. The fine was a result of BNP helping clients dodge sanctions on Iran, Sudan and other countries. This article suggests the fine may have been a blackmail attempt to stop France from selling warships to Russia.
This is relevant to bitcoin because with bitcoin two parties can transact without the assistance of a bank like BNP or the permission of an authority like the US (so the idea of financial sanctions and fines for evading them become less meaningful). And then if the fines don't exist, then the "removal" of those fines can't be used to accomplish political objectives.
Bitcoin will shine light into many dark chambers.
And it's the US who is wrong here for boycotting these countries, especially Cuba. BNP should just not pay and boycott the USA. Pretentious assholes.
