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Re:No Bitcoin ETFs at Vanguard by bluecalm on Sunday January 26, 2025 @02:17PM (#42833017)
You can say that banks manage risk of lending and charge for that. Imagine that instead everyone can take a loan from a government without any checks. Soon financial system would collapse as a lot of irresponsible or too optimistic people would take loans for various purposes and those loans wouldn't be paid back. You need an institution that manages it and take the hit of unpaid loans for the system to be stable.

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