If companies wish to make their own currency, they should be treated like a bank, and comply with the relevant regulations, including whatever regulations are n

If companies wish to make their own currency, they should be treated like a bank, and comply with the relevant regulations, including whatever regulations are necessary to create a new currency. IMHO PayPal dollars are the worst because they trick you into believing you hold currency when you don’t. PayPal may, at their discretion, allow you to convert your PayPal dollar to another currency. They also may take it away from you for no reason, without recourse - something that happens to thousands of people daily.