| ▲ | john_strinlai 7 hours ago |
| okay, well i appreciate the clarity. lets flesh it out some more. how are you determining which businesses are affected? would you apply these regulations to entire industries (e.g. the entire finance industry) or would each business have to be reviewed independently? if we run with the finance/bank example, what do you do about online-only banks (e.g. WealthSimple)? should they be forced to shut down? |
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| ▲ | grishka 7 hours ago | parent [-] |
| My intuition is that it should only apply to businesses that have a physical presence, or need it to do their job. So, for banks, that would be only those with branches. We also have one of those online-only banks (T-Bank, ex Tinkoff), it's overwhelmingly popular among us millennials, but older people use something else. |
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| ▲ | john_strinlai 7 hours ago | parent [-] | | that leaves a pretty big loophole, though. if i am a smaller bank that has 5-20 branches, it might just be in my best interest (profit) to just go online-only instead of implement whatever the regulations deem necessary. (keeping in mind that this regulation applies to all industries, so the above example of closing all physical operations because the regulations make it more profitable to now be online-only, so that the regulations dont apply, repeats in all industries) | | |
| ▲ | grishka 7 hours ago | parent [-] | | And that's fine I guess? It's important that there are banks that are too huge to go online-only. It will be easier to comply for other industries. From my initial example, for event tickets, they wouldn't care much whether they scan a screen or a piece of paper when you enter, and they could let already-existing box offices sell the tickets. For government agencies, those already have offices, so nothing changes. For parking, just bring back the kiosks. |
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