▲ | UltraSane 7 months ago | |||||||||||||||||||
This is a new problem created by the rise of very complex fintech companies using middlemen to handle transactions. The FDIC is proposing a new rule to require better record keeping to try to prevent issues like this in the future. https://www.fdic.gov/news/press-releases/2024/fdic-proposes-... | ||||||||||||||||||||
▲ | frankohn 7 months ago | parent [-] | |||||||||||||||||||
I would say that normally, to face "very complex fintech" the goverment should set a solid set of fundamental rules that ensure security for the people, then it should ensure seriously that they are respected. That should be something like, "do whatever creative fintech you want as long as you respect these rules". It seems to me that not creating and enforcing such a system of rules, or doing poor rules that leaves doors open for abuse or errors, is a failure of the government and of the political estabilishment. | ||||||||||||||||||||
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