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> if I were a bank, bitcoin presents a compelling argument. The supply is finite. I've worked at a number of banks now and what keeps them up at night isn't ho
by threeseed 4y ago
> if I were a bank, bitcoin presents a compelling argument. The supply is finite.
I've worked at a number of banks now and what keeps them up at night isn't how much money they could make or what competitive technologies like Bitcoin are doing.
It's their ability to consistently operate with the increasingly tight regulatory guard-rails imposed by the government. And Bitcoin's incompatibility with KYC and AML regulations render it unpalatable for most financial organisations.
- orangepurple 4y agoSo many financial institutions use Watchtower for their risk assessment framework and I think they are adding crypto risk management to their portfolio