Sunday, December 31, 2017

Politically correct FX exchange

The central banks defined a set of proper behavior for users of the FX exchange system.  Their goals sound a lot like bitcoin, except the politically correct.
The purpose of the Global Code is to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of Market Participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behaviour.
This is mostly about large transfers between fiats, exactly what bitcoin was designed to do.

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