> Why buy a bank? My guess is that it's because it's very, very difficult for Bitcoin/crypto companies to maintain bank accounts due to overly strict AML compl

> Why buy a bank? My guess is that it's because it's very, very difficult for Bitcoin/crypto companies to maintain bank accounts due to overly strict AML compliance departments. Even Tether, which controls billions of dollars and is one of the largest crypto companies, was unbanked for some of its existence. I assume that FTX wanted to avoid that.