> When you involve a bank or brokerage or paypal you do face those same risks (but possibly to a lesser extent) with fiat. Aren't money exchange services fairl

> When you involve a bank or brokerage or paypal you do face those same risks (but possibly to a lesser extent) with fiat. Aren't money exchange services fairly heavily regulated, for precisely this reason? I'm asking specifically about unregulated counterparty risk. Which there seems to be quite a lot of in the grey area between crypto and, well, everything else that isn't pure crypto.