News for hackers. Stuff that matters.

A comment on Why Banks Are Suddenly Closing Down Customer Accounts. Parent comment

Re:Why Banks Are Suddenly Closing Down Customer Accounts by lxgr on Sunday November 05, 2023 @08:47PM (#38157849)
On the other hand, crypto provides copious evidence for the need of some level of regulation.
[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by hanniabu on Sunday November 05, 2023 @08:57PM (#38157907)
The technology no, the tradfi companies that "use" it (aka custodial user funds) then yes, but those regulations exist since they're no different than any other financial product company.
[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by psychlops on Monday November 06, 2023 @08:16PM (#38171809)
For conversations sake I'm curious about specific evidence. It's also fun to consider which country or group of countries would provide the regulations and enforcement.
[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by jurynulifcation on Tuesday November 07, 2023 @01:15AM (#38173797)
Consumer protections. Until there are rigorous consumer protections, crypto is only fit for scams imo.
[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by psychlops on Tuesday November 07, 2023 @10:49AM (#38178217)
> Consumer protections.

Those are covered by local laws. What protections do you think are missing from crypto that is different from other areas?

[ Parent | on HN ]
Re:Why Banks Are Suddenly Closing Down Customer Accounts by jurynulifcation on Tuesday November 07, 2023 @06:51PM (#38184821)
The ability to undo fraudulent charges and claw back illegitimately stolen funds.
[ Parent | on HN ]