In India, a mid sized Bank under reported the health of their stressed assets. A loan to a large construction company wasn't being repaid and they misrepresented these facts to the Reserve Bank. Finally, the Reserve Bank restricted withdrawals!
Retail customers could only withdraw $20/month which was later revised to $180. People are suffering.
I understand we are focused on merchant adoption and peer to peer electronic cash but let's face facts, that's a long road ahead and, what I'm trying to figure out is how can BCH be used to provide a solution to Central Banks so they can atleast have more accountable data from the private banks they regulate?
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from Bitcoin - The Internet of Money https://ift.tt/2oggUAd
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