RATE Group | Operation Bernhart – Is Cryptocurrency an Evolved Version for Intelligence Services?
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Operation Bernhart – Is Cryptocurrency an Evolved Version for Intelligence Services?

14 Oct Operation Bernhart – Is Cryptocurrency an Evolved Version for Intelligence Services?

Posted at 05:15h in Cryptocurrency News by

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  • Counterfeiting currency was designed to solve German financial issues during World War II.
  • It is estimated over 135 million UK pounds were printed.
  • China produces 60% of the global cryptocurrency supply and 80% of the mining equipment.

In 1939, Operation Bernhard was a Nazi Germany project to forge British banknotes, counterfeit currencies. Originally, the project was dubbed “Andreas”. A the time the British pound was the reserve currency and was used as a main international payment method.

Nazi Germany needed forged currency to purchase raw materials for their defense industries. Counterfeiting currency was designed to solve German financial issues during World War II and also destabilize the economies of the nations they dubbed as enemies. Additionally, financing of espionage requires the use of foreign currencies. The challenge for the Nazis was to reproduce an identical paper for the banknotes and the watermark matrix. At the time, the task was given to professional…

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