US proposes barring tech companies from offering financial services

Re:US proposes barring tech companies from offering financia... by meitham on Thursday July 25, 2019 @10:43AM (#20525773)

Banking licence is only needed when you're dealing with traditional currency, not when you are making your own currency. Starbucks card, digital game companies are all examples of a currency.

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Re:US proposes barring tech companies from offering financia... by inlined on Thursday July 25, 2019 @01:20PM (#20527376)

While I’m not disputing your facts, I’m curious how that lines up with the fact that (IIRC) gift cards are considered loans. That was the crux of how RadioShack argued that filing bankruptcy allowed them to invalidate outstanding gift cards.

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