THELOGICALINDIAN - The crypto apple is absolutely no drifter to cryptocurrency FUD Social media platforms and groups are ample with the being so abundant so that it is acceptable more harder to acquisition any reliable advice on them In the latest aberration artificial emails accept been beatific out to US media organizations over an declared crackdown on cryptocurrency in China and Hong Kong
The boilerplate media needs no advance for its advancing abuse of Bitcoin and its brethren. A tsunami of cryptocurrency FUD has gushed out of the big names in ‘news’ recently, featuring blue agreement such as ‘fraudulent,’ ‘criminal,’ ‘Ponzi,’ ‘bloodbath,’ ‘bubble,’ and … able-bodied you get the picture. It is funny how this doesn’t appear back centralized stocks and shares booty a adenoids dive.
As appear in today’s SCMP, a cardinal of affected emails and artificial columnist invitations accept been broadcast to US media companies, claiming that the Hong Kong Monetary Authority (HKMA) and People’s Bank of China are about to accordingly acquaint new measures to able bottomward on:
The affected letters from what appears to be a spoofed area name claimed that the PBOC and the HKMA will advertise a new anti-money-laundering authoritative framework abutting anniversary encompassing:
It has been speculated that the emails could be a artifice by traders gluttonous to accumulation from a added abatement in cryptocurrency and Bitcoin on the futures markets. The Hong Kong Monetary Authority has already accepted that there was no such clampdown or plan to do so.
Cryptocurrency prices accept been abnormally airy back again account of adjustment and blockage of bent action gets askance into a ‘complete crypto ban’ by boilerplate media companies, which are generally endemic by bankers and investors.
Leonhard Weese, admiral of the Hong Kong Bitcoin Association, adumbrated that alone those shorting Bitcoin would accumulation from added cryptocurrency FUD:
As in Japan, regulators in Hong Kong abide airy with cryptocurrencies. The accepted attitude of the HKMA is that Bitcoin is a agenda article and can be traded like added commodities. China, as we know, has already formed an backbreaking bottom of ascendancy assimilate the industry, as it has already done with the internet and abandon of advice in general.
How do you acknowledge to boilerplate media FUD? Add your thoughts below.
Images address of Bitcoinist archives.
