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The Central Bank isn't regulated, isn't transparent and certainly doesn't have any external auditors either. I don't think you understand how cryptocurrencies,
by tha_nose 8y ago
The Central Bank isn't regulated, isn't transparent and certainly doesn't have any external auditors either. I don't think you understand how cryptocurrencies, central banks and regulations work. Also, regulations doesn't protect against hacks or theft or shady practices.
- propter_hoc 8y agoActually, every central bank is audited externally. USA: https://www.federalreserve.gov/aboutthefed/audited-annual-financial-statements.htm https://www.federalreserve.gov/aboutthefed/audited-annual-fi... Canada: https://www.bankofcanada.ca/wp-content/uploads/2018/03/annualreport2017.pdf https://www.bankofcanada.ca/wp-content/uploads/2018/03/annua... England: https://news.sky.com/story/kpmg-faces-fight-t https://news.sky.com/story/kpmg-faces-fight-t
- Consultant32452 8y agoThe US federal reserve is audited by a private firm hired by the board. They are not audited by a government regulatory body.
- elliekelly 8y agoDo you have a source for any of this? Because my career as a securities regulation & banking attorney tells me the truth is actually the exact opposite of literally everything you’ve asserted.
- vermontdevil 8y agoThe source is Ron Paul