No one is a prophet in their own land, including European Central Bank President Christine Lagarde, who admitted on Friday that her son lost "almost all" of his investments in crypto assets, despite copious warnings.
I’m not saying it is an argument pro cryptocurrency. It is a reason for banks to be against it. And it is a reason that shouldn’t exist, because banks who have organized crime as a staple and politicians who do the bidding of organized crime should be dismantled and put into prison.
However, it’s just an argument for cracking down on money laundering, criminal enterprises, dark money in politics, etc.
Bad actors who oppose cryptocurrencies out of nefarious reasons don’t make cryptocurrencies a good thing, particularly if even worse actors support cryptocurrencies for even worse reasons.
I’m not saying it is an argument pro cryptocurrency. It is a reason for banks to be against it. And it is a reason that shouldn’t exist, because banks who have organized crime as a staple and politicians who do the bidding of organized crime should be dismantled and put into prison.
That’s fair.
However, it’s just an argument for cracking down on money laundering, criminal enterprises, dark money in politics, etc.
Bad actors who oppose cryptocurrencies out of nefarious reasons don’t make cryptocurrencies a good thing, particularly if even worse actors support cryptocurrencies for even worse reasons.