10-12-2021, 03:38 PM
The Central Bank of England is Warning Against Crypto despite Allowing Banks to Laun
<!-- SC_OFF --><div class="md"><p>The Bank of England is now <a href="https://dailyhodl.com/2021/10/11/bank-of-england-issues-warning-to-financial-institutions-thinking-of-adopting-crypto/">warning</a> financial institutions from adopting or even handling Crypto, claiming that Crypto might be a threat to the financial system</p> <p>If Crypto is such problematic, why does this central bank "allow" (they could do much more to prevent it) bankers to launder hundreds of billions of dollars each year?</p> <blockquote> <p><a href="https://www.independent.co.uk/news/uk/crime/uk-global-corruption-centre-campaigners-claim-a7058126.html">UK’s National Crime Agency</a>: “We assess that hundreds of billions of US dollars of criminal money almost certainly continue to be laundered through UK banks, including their subsidiaries, each year.</p> <p>“The scale of the laundering, despite the UK’s leading role in developing international standards to tackle it, is a strategic threat to the UK’s economy and reputation. </p> <p>“The banking sector continues to be the biggest producer of suspicious activity reports.”</p> </blockquote> <p>This was said in 2016, what has changed? Nothing</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q6km7t/the_central_bank_of_england_is_warning_against/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q6km7t/the_central_bank_of_england_is_warning_against/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The Bank of England is now <a href="https://dailyhodl.com/2021/10/11/bank-of-england-issues-warning-to-financial-institutions-thinking-of-adopting-crypto/">warning</a> financial institutions from adopting or even handling Crypto, claiming that Crypto might be a threat to the financial system</p> <p>If Crypto is such problematic, why does this central bank "allow" (they could do much more to prevent it) bankers to launder hundreds of billions of dollars each year?</p> <blockquote> <p><a href="https://www.independent.co.uk/news/uk/crime/uk-global-corruption-centre-campaigners-claim-a7058126.html">UK’s National Crime Agency</a>: “We assess that hundreds of billions of US dollars of criminal money almost certainly continue to be laundered through UK banks, including their subsidiaries, each year.</p> <p>“The scale of the laundering, despite the UK’s leading role in developing international standards to tackle it, is a strategic threat to the UK’s economy and reputation. </p> <p>“The banking sector continues to be the biggest producer of suspicious activity reports.”</p> </blockquote> <p>This was said in 2016, what has changed? Nothing</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q6km7t/the_central_bank_of_england_is_warning_against/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q6km7t/the_central_bank_of_england_is_warning_against/">[comments]</a></span>Kind Regards R