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A comment on Crypto in 2026: Oh, This Is the Bad Place. Parent comment

Re:Crypto in 2026: Oh, This Is the Bad Place by swat535 on Tuesday June 23, 2026 @12:26PM (#48647433)
Wise, like any other fintech is fun until it randomly closes your account and bans you. No one can ban you / freeze your assets with Crypto, that's a good selling point imo.
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Re:Crypto in 2026: Oh, This Is the Bad Place by toomuchtodo on Tuesday June 23, 2026 @12:31PM (#48647506)
Only if you stay in cryptoland. As soon as you hit someplace with fiat rails, in a jurisdiction that requires adherence to regulatory requirements, your account is just as regulated.

Crypto has its own failure modes: https://www.web3isgoinggreat.com/

(day job is in US financial services, have consulted on implementing aml/kyc/sanctions support for where crypto rails meet traditional finance infra)

[ Parent | on HN ]