It’s for your good – For Nicolas Théry, who has just been reappointed to the presidency of the fifth French banking group, cryptocurrencies only promote deviant behavior, violence and crime.
For Nicolas, cryptocurrencies and Russian militias, same fight
In any case, this is what we deduced from the answer that little Nicolas gave to the microphone of the newspaper La Croix. The daily asked what was the opinion of the enarque regarding the development of cryptoswhich are shaking up the banking sector:
” If you like money laundering, crime, anonymity, you will love cryptocurrencies. The bank has a duty to advise and I am proud that we have always told our customers not to venture there. The invention of the central bank, of sovereign money, is social progress. This makes it possible to protect the purchasing power of the working classes, but also tax revenues, to fight against fraud, to ensure stability. Inflation is a cancer, a brutal and undemocratic tax. To campaign for cryptocurrencies is to support the Russian Wagner militias against the armies of the republic. It is an attempt to privatize a common good. »
About Nicolas Théry – Source: La Croix
Difficult to keep calm reading so many cliches and nonsense grouped in so few lines.
But these last ones are rather revealing of the thinking of certain big French bosses on our sector. And theinfluence of the banking lobby could perhaps explain the many obstacles that parliamentarians are happy to put in the way of adoption and innovation, in the name of consumer protection.
If it is quite obvious that certain abuses must stop, education should always take precedence over prohibition, the latter being nothing more than an admission of failure.
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Banks and cryptocurrencies: an ubiquitous relationship
Let us at least try to understand the arguments developed by Nicolas Théry in his response.
We first learn that crime and anonymity are thrown into the same bath. These few words should grab your attention and force you to defend what is left of your private life and that of your family. Because anonymity does not necessarily rhyme with money laundering and terrorist financing.
From this same answer, we are sorry to see that no line is drawn between the intervention of the central banks and the cause of the inflation that Nicolas Théry nevertheless describes as a “cancer, a brutal and undemocratic tax”. Yours truly admits to having a hard time making the connection between the role of cryptocurrencies and the record rise in inflation we’ve all seen over the past few months. Is this not rather linked to the unprecedented monetary printing decided by the European Central Bank? It is likely that the boss of a bank cannot answer us, as he is known in the sector aswe don’t bite the hand that feeds us.
Finally, you may have been surprised that supporting bitcoin or your favorite altcoin directly connects you, in the eyes of big bankers, with paramilitary militias known for their eminently reprehensible abuses. Perhaps we should read there the recognition that Bitcoin is a means of going to war against the institutions and the monetary policies decided by those who govern us.
First of all, we pass the broom in front of his door
Finally, it is rather funny to see the crypto sector once again smeared by accusations of money laundering. In fact, last week, five major banks were raided on the grounds that they would all have facilitated an immense tax fraud in order to avoid their clients paying taxes on the dividends. Although Crédit Mutuel is not involved in this sad story, the pans of the banking sector should invite Mr. Théry to be more measured in his remarks on a sector of which, obviously, he does not know much.
Finally, we conclude by recalling that Gerard Therythe famous inventor of the minitel, ended his career with a report in which he concluded that the Internet was not a good communication tool and that he was pessimistic about its expansion. Could our dear Nicolas be closer to the finish line than he imagines?
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