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The financial services industry sees an existential threat. So they respond with lobbyists.
by aj7 7y ago
The financial services industry sees an existential threat. So they respond with lobbyists.
- hanniabu 7y agoYup, I wonder how much of this has to do with the advancements and progression of blockchain technology.
- Shivetya 7y agofinancial services industry? try the governments of the world. a currency outside of their control that is supported by a well known agency, in this case its obviously facebook, would be just another nail in the coffin for them. look, government, namely the politicians, all truly upset that the facebooks, google, and more, of the world, give anyone the opportunity to get a message out. decades ago the politicians could reliably count on the press of their nations to always pony up. they have lost control of the message mostly, they are trying to claw it back under the guise of protecting privacy , elections, children, and puppies. they damn well will get in front of any attempt which could affect their control over any means of wealth transfer. even regulated and taxed they would lose manipulation of currency to implement policy.
- draw_down 7y agoDon't think that's it. If they were really so worried, they'd just buy whatever concerned them so much.