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RE: Bank of England on Distributed ledger and securities settlement

in #distributed8 years ago

Sure. It is a big trend. Touching China and Russia, they are going to put the blockchain network under dogmatic robust control. According to drafts all intermediaries need to get license or approval including advertising agency.

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Every time a democratic, open technology starts to tear at the power structures, they always find a way to suppress it. I think though that with cryptos it's only going to be partial, if they regulate too strongly they will only create a black market. Everyone can see how great the party is, there's no way people will stay away.