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For Europe, a bad threat is still missing: ECB is progressing rapidly with their CBDC, the digital Euro. Over time, the technical capabilities and their political pull will allow them the de-monetise all Bitcoin on/off ramps in Europe, just like European banks have started to de-bank the accounts of bitcoiners and companies involved in bitcoin, on grounds of extreme bureaucratic overhead with any transaction even smelling of bitcoin. Sooner or later, the ECB will want to use this power to secure their Euro monopoly in Europe.
The ecb is shuch a pile or shit that this one doesn't bother me too much,. while true, there is still no way they have of stopping p2p bitcoin buying and selling, they also have no way of working for btc directly and i think, really, at some point, they will just piss off enough powerful and wealthy hodlers to exit euopre
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