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Banks fined $1.2 billion for Forex rigging by kingscrown

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· @kingscrown ·
$24.39
Banks fined $1.2 billion for Forex rigging
This is why we need crypto - be your own bank.
![image.png](https://ipfs.busy.org/ipfs/QmTjYifLyaQ8UJVR9yf5Rqv9bPkSjqUFTpQXyaAH1NyFMs)


![image.png](https://ipfs.busy.org/ipfs/QmbiWcbcJYMSnvsEnAqnPkAFpdGUWxL1iZFYCx1tQVcSGs)

> Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies.
> Swiss bank UBS was exempted from a 285 million euro fine since it alerted the existence of two cartels to the European Commission. The financial industry has been hit with billion euro fines worldwide in the last decade for rigging key benchmarks.

Sadly Bitcoin tanked a little today but no big deal.

## Bitcoin Markets
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vote details (541)
@shoemanchu ·
$0.20
Crazy out of hand....... I say what you have stated every day "This is why we need crypto - be your own bank".......
👍  ,
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