Hacker News new | ask | show | jobs
by ajross 3250 days ago
Pretty much, because what HSBC did was illegal and they got caught. The statement you quoted wasn't intended to be a statement that "conventional institutions never cheat", but that there is a regulatory process in place to prevent that (i.e. the one that HSBC cheated around, thus the enforcement action in your link), where with bitcoin there is none.