At least banks have to operate within the realities of regulations and legal recourse. It’s not perfect, but it does provide a forcing function to make them thi

At least banks have to operate within the realities of regulations and legal recourse. It’s not perfect, but it does provide a forcing function to make them think long and hard before doing anything that might be fraudulent. Cryptocurrency proponents like to tout crypto’s ability to escape regulation as a good thing, while ignoring that the same property makes it a dream come true for financial fraud schemes.