Crypto Banking Rules Could Be Modified if Market Reacts, Basel Committee Chair Says
There are two parts of the bankster-scam that manifest here.
Firstly, a false cause-and-effect kicks in, ignoring the truth that neither Silvergate nor Signature banks failed because of their crypto involvement.
Creepily, the FDIC kept the $4B crypto-related deposits when it sold off Signature Bank. Theft?
Secondly, note that the draconian rules related to banks holding crypto assets don't come into force till January 2025 - 2 years away! This gives the BIS enough time to have an effect without a real cause - just the threat of a cause.
Those rules could be modified if they turn out to have a knock-on impact on finance, the Spanish central banker said at an event hosted by the Bank for International Settlements.
How nice. This is all about kicking crypto until it bleeds, then buying up the winners of the next cycle.
ordo ab chaos
recognise it, and survive.
do not assume every country is the same.