3 ms·
That's an awful lot of workaround to solve the social problem of "my regulatory agencies aren't regulating well enough" -- a problem which will still exist afte
by dsr_ 4y ago
That's an awful lot of workaround to solve the social problem of "my regulatory agencies aren't regulating well enough" -- a problem which will still exist afterwards.
- sowbug 4y agoIt's not to solve that problem. It's to have the option to route around it.
- dsr_ 4y agoIt certainly can't route around it. US: https://www.sec.gov/spotlight/cybersecurity-enforcement-actions https://www.sec.gov/spotlight/cybersecurity-enforcement-acti... CA: https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/20221116_let.aspx https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/20221116... EU: https://www.bafin.de/EN/Aufsicht/FinTech/Geschaeftsmodelle/DLT_Blockchain_Krypto/DLT_Blockchain_Krypto_node_en.html https://www.bafin.de/EN/Aufsicht/FinTech/Geschaeftsmodelle/D... and so on.
- sowbug 4y agoFraud existed long before digital currencies, and nobody is seriously advocating to legitimize it. I hope that even if you love the current financial system, you'd still be in favor of giving its competitors a chance to exist.