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Topic: EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL - page 2. (Read 3402 times)

legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
And the reason (other than the obvious...OP) why this is in the Speculation forum?
sr. member
Activity: 411
Merit: 250
http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014-08+Opinion+on+Virtual+Currencies.pdf

just read the thing..

"178. The EBA also recommends that EU legislators consider declaring virtual currency exchanges
as ‘obliged entities’ that must comply with anti-money laundering and counter terrorist
financing requirements set out in the EU Anti Money Laundering Directive"


stamp is already doing this.



member
Activity: 112
Merit: 10
".......Until new rules in place".

This is actually bullish.


+ very very bullish ! Wink

the price droping and dumping told you this is more bear trap than bull trap, stop fooling people !

perhaps you also don't understand what a bear trap is? let me illustrate it for you. V. see the middle? thats where we are. see the right side? can you guess where that is on the time line? probably not, cuz you're dumb.

you say this is a good buying time? then go ahead sell your house and buy bitcoins or stop fooling people
sr. member
Activity: 336
Merit: 250
".......Until new rules in place".

This is actually bullish.


+ very very bullish ! Wink

the price droping and dumping told you this is more bear trap than bull trap, stop fooling people !

perhaps you also don't understand what a bear trap is? let me illustrate it for you. V. see the middle? thats where we are. see the right side? can you guess where that is on the time line? probably not, cuz you're dumb.
sr. member
Activity: 336
Merit: 250
Seems that stamp is not amused about it  Grin

why? It's just advice.

when Central bank releases "advice" not to deal with bitcoin means "BAN" bitcoin

except it doesnt, at all. maybe you don't understand english well, but there is a reason we have a word for advice, another word for regulation, and a whole different word for ban. they do not correlate. you are dumb.
legendary
Activity: 2114
Merit: 1015
".......Until new rules in place".

This is actually bullish.


+ very very bullish ! Wink

1. "keep away from bitcoin!"
2. (secretly buy shit load of bitcoins yourself)
3. "now buy bitcoin!"
4.
5. profit
member
Activity: 112
Merit: 10
".......Until new rules in place".

This is actually bullish.


+ very very bullish ! Wink

the price droping and dumping told you this is more bear trap than bull trap, stop fooling people !
hero member
Activity: 560
Merit: 500
".......Until new rules in place".

This is actually bullish.


+ very very bullish ! Wink
member
Activity: 112
Merit: 10
But this a logical problem now, if a bank just holds bitcoins...

...what should they do now?!

They should not hold, but also should not sell them...


“The more likely result of the announcement is to scare people from using digital currencies rather than banks.”
hero member
Activity: 841
Merit: 1000
".......Until new rules in place".

This is actually bullish.
full member
Activity: 140
Merit: 100
But this a logical problem now, if a bank already holds bitcoins...

...what should they do now?!

They should not hold, but also should not sell them...

 Huh  Grin
legendary
Activity: 1274
Merit: 1004
They are fucking stupid or what? Bank's does not Hold/Buy or sell bitcoins, people do.
And bank's can't stop you to spend your money even if it's bitcoin or some other virtual currency.
member
Activity: 112
Merit: 10
Seems that stamp is not amused about it  Grin

why? It's just advice.

when Central bank releases "advice" not to deal with bitcoin means "BAN" bitcoin
full member
Activity: 140
Merit: 100
Seems that stamp is not amused about it  Grin



why? It's just advice.

I don't know. Maybe we need a reason for a small retracement. If there whould not have been this reason, than maybe that the big economic empire of Burundi has forbidden bitcoin  Grin
legendary
Activity: 2114
Merit: 1015
Seems that stamp is not amused about it  Grin



why? It's just advice.
full member
Activity: 140
Merit: 100
Seems that stamp is not amused about it  Grin

legendary
Activity: 1176
Merit: 1000
Perhaps they have seen some moves from EU private banks towards bitcoin and they want to stop it..

The timing is suspect as always, just when technically btc could break out.

Remember the central banks are a global cabal.
legendary
Activity: 2156
Merit: 1070
http://mobile.reuters.com/article/idUSL6N0PE4M420140704?irpc=932


Quote
TOP NEWS
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
Fri, Jul 04 05:00 AM EDT

This seems so 2013 to me. I think we are passed the point where this advisory really matters. Once Wall Street and us banks get involved in bitcoin, Europe will be forced to move forward with regulations. Europe, as always, is never going to lead.
legendary
Activity: 1176
Merit: 1000
http://mobile.reuters.com/article/idUSL6N0PE4M420140704?irpc=932


Quote
TOP NEWS
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
Fri, Jul 04 05:00 AM EDT

The implication being new rules allowing banks to hold bitcoin are on there way. Note it is 'advice'.

Sounds bullish to me.
full member
Activity: 157
Merit: 100
http://mobile.reuters.com/article/idUSL6N0PE4M420140704?irpc=932


Quote
TOP NEWS
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
Fri, Jul 04 05:00 AM EDT
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