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> It really just seems like it involves using unregulated technology, which allows the skipping of restrictive regulations. This might actually be a good thing
by whateveracct 1y ago
> It really just seems like it involves using unregulated technology, which allows the skipping of restrictive regulations. This might actually be a good thing
Yeah, it's basically Uber for finance/banking/etc. Reap the free real estate created by rules and regulation by..skirting the rules and regulations.
It also adds indirection, which in turn allows all the parties involved to point fingers at each other Spiderman-style. "Oh I thought $X was responsible for $COMPLIANCE." Eventually, y'all get audited and shape up but that's a years-long process. And in that time you've grown and grown and finance/banking/etc is pretty sticky. Kaching :)