no one seems to mind BTC at 48740 (right now) even as someones mind gold at any particular number
of course the same someones might be actually minding BTC is any number at all
indeed, battle lines drawn
in the meantime I bet you some folks probably wished they were born straight and remained so, or had engaged w/ gold and bitcoins hoarding built-up over the years, bit by bit, or can somehow buy into a sizeable hoard, or can otherwise disappear
can see free gold and free BTC going higher
re Message 33196112 <<Gold is made out of oil so look out below>>, perhaps you actually meant watch out above, because together w/ the tightened global regime of know-thy-client, and if accompanied by higher energy cost, gold production would trend toward zero unless pricing keeps pace. Should gold production dry up, gold already produced, w/ memory of ancient electricity costing, should be worth slightly more, everything else being equal.
in any case, general price inflation might be educational for a change of pace
bloomberg.com
Hong Kong Plans Money Flow Scrutiny of Chinese Officials
Cathy Chan
14 February 2021, 15:31 GMT+8
Hong Kong plans to expand scrutiny on capital flows and transactions by Chinese officials, according to a recent consultation paper on anti-money laundering.
The Financial Services and the Treasury Bureau is proposing to implement enhanced due diligence on “politically exposed persons” from anywhere outside Hong Kong instead of outside the People’s Republic of China, according to the paper.
The Asian financial hub is seeking to enhance compliance of anti-money laundering regulations ahead of a series of assessments in the next few years. The proposed amendments come as the ruling Chinese Communist Party adopts an increasingly tough stance on corruption among government cadres and corporate executives. More than 1.5 million government officials have been punished in China’s years-long campaign.
Hong Kong financial institutions and designated non-financial businesses and professions are required to conduct enhanced due diligence on foreign PEPs as well as their family members and close associates due to the higher money laundering and terrorist financing risks. The current rules refer PEPs to individuals holding government roles by a foreign country.
As part of the proposals, Hong Kong seeks to tighten requirements for virtual asset trading operations and introduce a two-tier registration regime for business dealings in precious-asset-based instruments, according to the consultation paper.
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