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A comment on India’s Central Bank Bans Regulated Entities From Dealing In Virtual Currencies.

Re:India’s Central Bank Bans Regulated Entities From Dealing... by firasd on Thursday April 05, 2018 @03:16PM (#16768057)
The sad thing is that while the Indian government has all these regulations to prevent you from holding $2,000 of Bitcoin, or goes on adventures like demonetization disaster which affect ordinary working people, giant scams and irregularities (like Nirav Modi getting away with billions, or prominent citizens being named in the Panama papers) are business as usual.
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Re:India’s Central Bank Bans Regulated Entities From Dealing... by mx92je082 on Thursday April 05, 2018 @03:27PM (#16768127)
A few tweaks to the phrasing and you’ve basically described all nation state behavior and the entire history of human attempts at “society”.

Power brokers control the activity and discourse of the populace. Ignore the rules for personal enrichment (the US Congress and others pass rules for us [ banning insider trading] but not them).

This isn’t just an India thing

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Re:India’s Central Bank Bans Regulated Entities From Dealing... by m_alexgr on Friday April 06, 2018 @02:05PM (#16775655)
Very true, most assuredly not just an India thing.(although perhaps India is a well known example)

The basic premise, stated another way, is that power tends to corrupt.

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