Bank of Jamaica’s Interest in Bitcoin Sparks Invites Criticism

Dorlan Francis, a Financial advisor slams Bank of Jamaica’s support for the proposed Bitcoin exchange in the country. Read more…
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 this new payment settlement system is worthless, and the economy should always be in control of the governments.
Dorlan H Francis, an independent financial advisor and the author of ‘The Economic and Financial Crisis of 2007′, recently penned an article that advocated an outright restriction on Bitcoin and any money that comes close to it. The finance expert went on criticizing the Bank of Jamaica for its willingness to regulate local Bitcoin exchanges.

This post was published at NewsBTC on 1:15 pm October 5, 201.