I assume that many of these bank tech founders were involved in cryptocurrency. My thinking is that they got debanked because they were promoting crypto products that had no solid foundation. It's important to remember that two years ago, cryptocurrency became toxic. It was significantly overhyped and then it collapsed. I'm not entirely sure how I feel about this situation. On one hand, it prevented cryptocurrency from getting out of complete control, which was something that seemed to be happening. We all remember all the scams that were reported on a constant basis even now you still hear about a bunch of scams. On the other hand, I believe this process should have been more transparent and conducted openly.
Also, remember that crypto is in the fringe of the financial system. Even now the banking system has no real mechanism to deal with crypto.
These situations always have two sides. Yet, the ones who complain are only highlighting their side. What about all those people that were getting scammed? How many of them got saved from losing all their money even their life savings?
I assume that many of these bank tech founders were involved in cryptocurrency. My thinking is that they got debanked because they were promoting crypto products that had no solid foundation. It's important to remember that two years ago, cryptocurrency became toxic. It was significantly overhyped and then it collapsed. I'm not entirely sure how I feel about this situation. On one hand, it prevented cryptocurrency from getting out of complete control, which was something that seemed to be happening. We all remember all the scams that were reported on a constant basis even now you still hear about a bunch of scams. On the other hand, I believe this process should have been more transparent and conducted openly.
Also, remember that crypto is in the fringe of the financial system. Even now the banking system has no real mechanism to deal with crypto.
These situations always have two sides. Yet, the ones who complain are only highlighting their side. What about all those people that were getting scammed? How many of them got saved from losing all their money even their life savings?