Bank of Jamaica’s Interest in Bitcoin Sparks Invites Criticism

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Change is essential, yet difficult to bring about. Any change is met with resistance, which is usually proportional or in excess to the potential positive impact it can bring about. Bitcoin has set out to change the monetary system for good and as expected, there are those old-timers who believe that Bitcoin is worthless and the economy should always be in control of the governments.

While the nay-sayers continue defending the centralized monetary system and the policies implemented by Central Banks, the global economy heads towards an impending collapse. Dorlan H Francis, a personal financial advisor and the author of “The Economic and Financial Crisis of 2007” is one such person who spares no quarter with his criticism of Bitcoin. In a recent article, on one of the online publications, Francis talks about the adoption of Bitcoin in Jamaica.

The article revolves around a proposed Bitcoin exchange in Jamaica and the willingness of Bank of Jamaica to work with them to ensure regulatory compliance.

“Bitcoin and its proponents are not to be recognized; they should be chased away,” says Dorlan H Francis.

It is interesting to see a financial advisor calling for strict control of the monetary system by a

Read more ... source: NewsBTC USA

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