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RE: Regulating Cryptocurrency : Australia Makes its Move

in #bitcoin8 years ago

I did notice that trend and believe that cryptocurrency is going to become an increasingly bigger platform of dispute between many major powers in the future. A return to a gold standard or accountable money isn't something the US would like to see at the present moment. Thanks for your comment!

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Gold Standard is now part of the past. But USD is a true power for the US.
I am just thinking about this anecdote from BNP Paribas (French Bank):

  • US had sanctions against Iran
  • Europe had lifted sanctions for some part of the economy, therefore BNP Paribas settled some trades with Iran
  • US Court convicted BNP for trading with Iran and extorted $9.6bn
    How did this happened? BNP cleared the trades in USD (dumb) therefore US Justice Department could fine them even if they respected their homeland laws.
    Crazy...

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