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Bitcoinist
2019-05-17 16:00:55

Bitcoin-Bashing Banking ‘Cartels’ Fined €1 Billion For Currency Manipulation

Bitcoin-Bashing Banking ‘Cartels’ Fined €1 Billion For Currency Manipulation

The European Commission has fined five banks, including the anti-Bitcoin JP Morgan, a total of over €1 billion for currency rigging. Traders clubbed together into ‘cartels’ to manipulate the foreign exchange market between 2007 and 2013. You Can Trust The Big Banks… To Help Themselves The “Banana Split” cartel involved traders from Barclays, RBS, Citigroup, and JP Morgan, which face penalties of €811 million in total. Traders from Barclays and RBS traders, along with MUFG,Read MoreThe post Bitcoin-Bashing Banking ‘Cartels’ Fined €1 Billion For Currency Manipulation appeared first on Bitcoinist.com.

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