BCCI Bank; the model for current banks to ban bitcoin?

Bcci_logo.jpg

The BCCI had to close it's doors through regulators, on the grounds that it was hopelessly insolvent.

Not because of:

  • Serving accounts for terrorists like Abu Nidal,

  • Money laundring of drugs money and weapons on an epic scale,

  • Serving CIA and MI5 in their covert operations,

  • Controlling US senators like Hatch,

  • Tax avoidance,

  • Malpractice in lending,

  • Pablo Escobar, Noriega and Sadam Hussein as clients.

Funny is that IMF's Christine Lagarde uses all these points to ban Bitcoin.

What do you think?

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