3 ms·
> It's long overdue for some serious regulatory oversight. It's hard to imagine there being more oversight than the over 200 governments regulating them curren
by dangrossman 11y ago
> It's long overdue for some serious regulatory oversight.
It's hard to imagine there being more oversight than the over 200 governments regulating them currently, including ~55 separate agencies in the US.
https://www.paypal.com/webapps/mpp/licenses https://www.paypal.com/webapps/mpp/licenses
PayPal is a fully licensed and regulated bank in some regions including all of the EU, and is licensed and regulated by each US state it operates in.
Many of the startup alternatives people recommend seem to be operating on a "try to grow fast enough that we can afford to operate legally when states start suing us" basis, as they aren't similarly licensed.