4 ms·
Can anyone explain why regulators wouldn't just smack this down if got big? I can't imagine you can create a mirror stock market without going through some regu
by poorjohnmacafee 5y ago
Can anyone explain why regulators wouldn't just smack this down if got big? I can't imagine you can create a mirror stock market without going through some regulatory channels.
- H8crilA 5y agoYou can't. In case you've not been paying attention - for the most part the regulators are currently sitting scared in the corner, and not even Musk tweeting asinine stuff like "SEC = Suck Elon's Cock" is able to bring them to action. As always, you get serious enforcement actions only on the down leg, when the public opinion is again behind you.
- logicchains 5y agoThe world exists outside of the US. There isn't one set of global "regulators". Lots of smaller countries want to grow their own financial markets and take a share of the US's pie, and being friendly to crypto is one way to achieve that.
- poorjohnmacafee 5y agoI can't think of very many countries that don't have regulatory channels for selling stocks to their citizens. Generally wouldn't want to launch something that breaks local regulations if you serve nationals of those countries. Puts directors at risk if they visit those countries.