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Since cryptocurrency is essentially a cash currency it has attracted a large set of the criminal community;
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Governor of Bank of England Proposes a New Digital Currency from www.cryptonewsz.com The digital era may be taking aim at central banks, but it has not yet managed to kill off the trusty encyclopedia britannica, so we turn to the. There is a lot of enemies in the crypto world like hacker, scammer, fraudster, social media. Bank of england is largely responsible for reshaping financial policies globally. Are the banks really the enemy of cryptocurrency? Some of the biggest economies are pushing back, including china and the fed. Bank of england is largely responsible for reshaping financial policies globally. Bank by assets, has been waging a war of words with bitcoin and cryptocurrency for years. On one side, there are bitcoin maximalists, and on the other corner, there are dogecoin proponents.
The real answer to why the banks' dislike cryptocurrencies is most likely that they.
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Banks are, as a rule, skeptical of the cryptocurrency space for many of the same reasons as law enforcement and regulators — new technologies pose an increased risk for the potential for money laundering, fraud, and other forms of financial crime. Banks really don't like the idea of people controlling their own money. There is a lot of enemies in the crypto world like hacker, scammer, fraudster, social media. Governments and banks discourage cryptocurrency because they feel threatened by cryptocurrency. Are the banks really the enemy of cryptocurrency?
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There have been frequent clashes and brawls on social media platforms.
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