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Re:US proposes barring tech companies from offering financia... by el_cujo on Thursday July 25, 2019 @10:06AM (#20525439)
For whatever a banking license doesn't cover, requiring more regulation/oversight doesn't seem unreasonable to me, but straight up keeping tech companies out is silly. Smells like big financial institutions are probably lobbying to keep the new kids out of their sphere.
Re:US proposes barring tech companies from offering financia... by roboys on Thursday July 25, 2019 @10:25AM (#20525603)
They know what they are protecting. The financial institutions pocket 20% of global GDP by providing very simple, cheap & easily automatable services, from a tech standpoint.