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The vast, vast majority of money laundering and illicit financial activity happens within the confines of the traditional banking system. Why don’t we start wit
by Ar-Curunir 4y ago
The vast, vast majority of money laundering and illicit financial activity happens within the confines of the traditional banking system. Why don’t we start with regulating that properly first?
- TimPC 4y agoWe’ve done a lot to regulate banking and when we catch banks engaging in problematic behaviours there are hefty fines attached. We’ve seen huge numbers of crypto schemes without any real consequences to those involved or those knowingly profiting off a scam. If we should be regulating all illicit financial activity the largest gap exists in cryptocurrencies not traditional banking.
- mistrial9 4y agoreferences : cost of doing business; front-running; political nepotism; private equity; regulatory capture; machine-goes-brrrr