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> The lure of those balances is invariably too great to resist. I think the folks at JP, etrade, and all of the other regulated exchanges would object to that
by happyopossum 4y ago
> The lure of those balances is invariably too great to resist.
I think the folks at JP, etrade, and all of the other regulated exchanges would object to that characterization.
- jacquesm 4y agoRegulated exchanges are obviously a different branch entirely, but the rest of them have serious problems keeping their hands off the customer funds. And as was pointed out to me upthread even the regulated exchanges may not have enough of a wall between the crypto they hold for customers and their operating funds to guarantee that those customer funds are going to be there if the company fails. Time and again we find that exchanges have been dipping in and using money that wasn't theirs in ways that would never fly in a regulated environment.
- ceejayoz 4y agoGuess how most of those regulations came into existence?