Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set...
by chaosbolt on Thursday November 10, 2022 @08:45PM
(#33556331)
>Do they not have any kind of compliance structure?
Not really, but again banks don't have compliance against this either, it's just that people are less likely to withdraw their money from the bank at the same time, and when they do the gov will tell the fed to print more, and with crypto you can't print more, so a bankrun has immediate effects.
Not really, but again banks don't have compliance against this either, it's just that people are less likely to withdraw their money from the bank at the same time, and when they do the gov will tell the fed to print more, and with crypto you can't print more, so a bankrun has immediate effects.