UK Crypto Ban? Bank Regulator: Crypto Has No 'Intrinsic Value'? FCA Is Controlled By The Big Banks
Channel: Ura Soul
Date: 2019-08-03

Yet more nonsensical anti-crypto propaganda from the controllers of the big banks via their controlled media sources and government cronies. The UK's 'Financial Conduct Authority' allegedly making moves that 'give some people' the impression a 'crypto ban' is coming.

Problems:

a) The FCA is controlled and funded by the big banks (despite trying to give the impression that they aren't.

b) 'Implicit value' is missing from Fiat currencies - arguably more than it is missing from cryptocurrencies.
Links

Bitcoin Has 'No Intrinsic Value,' As U.K. 'Moves Towards' Crypto Ban - Forbes - https://www.forbes.com/sites/billybambrough/2019/08/01/bitcoin-has-no-intrinsic-value-as-uk-moves-towards-crypto-ban/

FCA Press Release - https://www.fca.org.uk/news/press-releases/fca-provides-clarity-current-cryptoassets-regulation

The Intrinsic Value of Paper Money - https://rationalstandard.com/intrinsic-value-paper-money/

Wishing you well,

Ura Soul

#cryptocurrency #news #money