> Can anyone even cite a single banking exit scam in the United States I'm from east EU so I can't comment on US, but we've had at least two major banks go und

> Can anyone even cite a single banking exit scam in the United States I'm from east EU so I can't comment on US, but we've had at least two major banks go under (that I can remember) due to some shady manipulations. A lot of people lost a lot of money. > in recent history Part of my point is that the regulations aren't here yet. We've had hundreds of years of experience with dealing with banks. They're so highly regulated precisely because there's been plenty of fraud. > regulated, insured banks are in any way equivalent to unregulated, international crypto exchanges Exactly! They aren't even near equivalent without the regulation. But I don't see why they couldn't come close with proper regulation.