| ▲ | blablabla123 a day ago | |||||||||||||||||||||||||
> I wonder how many of these are false flag operations. If I may ask, could you elaborate on what you mean? | ||||||||||||||||||||||||||
| ▲ | wjnc a day ago | parent | next [-] | |||||||||||||||||||||||||
Capture a market. Become big enough to jump hurdles XYZ due to scale and amount of, say, lawyers and compliance officers you can field. Then push for more compliance. It’s effectively a moat and one of the most durable kind since lawmakers aren’t very agile. It also opens a second front (first front being: product) to go up against newcomers. Kindly point out to the regulatory agencies that they are not compliant and demand enforcement due to “equal playing field”. To make this point concrete: KYC in banks in Europe is on a scale of 1000s FTE per bank. No newcomer can ever comply with KYC the way big banks have implemented this by pure meat. Trouble ensue for all newcomer. That’s a moat! | ||||||||||||||||||||||||||
| ▲ | sscaryterry a day ago | parent | prev [-] | |||||||||||||||||||||||||
See the second sentence. | ||||||||||||||||||||||||||
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