HSBC Scandal

HSBC is a private ledger, #Bitcoin is a transparent ledger, Money Laundering is a private ledger problem

Think of HSBC as a private record of its customers transactions – a private ledger owned by HSBC. Think of Bitcoin as a transparent bank where every transaction is reported and verified by thousands of computers all plugged together. HSBC relays on regulations and honesty of bankers. Bitcoin publishes everything but it keeps tha users…

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