This is a must-see discussion panel between central and commercial bankers and law enforcement on regulating Bitcoin in Europe. Highlights: they admit Bitcoin cannot be regulated, that criminal activity regularly occurs in the regulated banking industry, and a central banker gets called a “criminal” by a Bitcoin supporter.
“We’re talking about risk and criminal organizations. Does it seem a little bit …confusing that the reason that Bitcoin came into existence …is that the traditional banking system and governments and… regulatory systems seem broken, so who’s the real criminal here? What are you doing to regulate yourselves so Bitcoin doesn’t need to exist?” — No response except a roar of laughter from the crowd.
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