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A comment on Big Banks Explore Venturing into Crypto World Together with Joint Stablecoin. Parent comment

Re:Big Banks Explore Venturing into Crypto World Together wi... by tonyhart7 on Monday May 26, 2025 @08:28AM (#44096813)
"can’t they just make USD transfers fast and easy?"

its cause regulation???, easy and fast to moving money its good until you got hack from state sponsored actor that you can't even do anything (ehm ehm north korea ehm)

in seriousness, people can get away with billions of dollar and "vanish" is wild world if you think about it.

[ Parent | on HN ]
Re:Big Banks Explore Venturing into Crypto World Together wi... by pornel on Monday May 26, 2025 @10:00AM (#44097492)
UK regulations forced banks to create APIs for money transfers, and UK banks now have instant free transfers: https://en.wikipedia.org/wiki/Faster_Payments

USA is just bad at governing. Tries not to tell corporations what to do, so it ends up with toothless half-assed laws that do nothing except being a tool for regulatory capture.

[ Parent | on HN ]