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This seems to be the same sort of thing people were[0] complaining about with Apple's app store policies; that it was effectively impossible to know the outcome
by Zak 15y ago
This seems to be the same sort of thing people were[0] complaining about with Apple's app store policies; that it was effectively impossible to know the outcome of the approval process without having to invest a large amount of time and money in advance.
[0] It is my impression that the process has been improved to the satisfaction of most people who can be satisfied with such a process.
- tptacek 15y agoThe public interest in regulating funds transfer companies seems to outweigh --- by, like, a lot --- our interest in a well-orded iOS App Store.
- Zak 15y agoMaybe (I'm not a huge fan of regulation in general, but I can see some use for it here), but that doesn't mean the concept is any different. If you need permission to do something, the process for obtaining that permission should be clear enough that you can know whether you will be approved before you request it. This is doubly true when the entity granting said permission is a government and the permission is necessary to conduct business. I'm not saying some sort of licence shouldn't be required - just that you should be able to figure out whether it will be approved or denied before you apply for it.
- dhbanes 15y agoHow is the public interest served by obscure, unpublished requirements for permission to do business?