Comment by lmz 1 year ago It's not about storing crypto - it's about storing fiat currency for crypto companies. 5 comments lmz Reply dalemhurley 1 year ago Yes it is, crypto is wanting to use banks for the storage of funds, but the banks cannot afford the cost of doing so, because it costs money to manage the massive risk. makeitdouble 1 year ago Thanks, I wasn't getting it and it's a bit clearer. sroussey 1 year ago Same problem for marijuana companies. wmf 1 year ago The difference is that marijuana is illegal at the federal level while crypto is (nominally) legal. 1 reply →
dalemhurley 1 year ago Yes it is, crypto is wanting to use banks for the storage of funds, but the banks cannot afford the cost of doing so, because it costs money to manage the massive risk.
makeitdouble 1 year ago Thanks, I wasn't getting it and it's a bit clearer. sroussey 1 year ago Same problem for marijuana companies. wmf 1 year ago The difference is that marijuana is illegal at the federal level while crypto is (nominally) legal. 1 reply →
sroussey 1 year ago Same problem for marijuana companies. wmf 1 year ago The difference is that marijuana is illegal at the federal level while crypto is (nominally) legal. 1 reply →
wmf 1 year ago The difference is that marijuana is illegal at the federal level while crypto is (nominally) legal. 1 reply →
Yes it is, crypto is wanting to use banks for the storage of funds, but the banks cannot afford the cost of doing so, because it costs money to manage the massive risk.
Thanks, I wasn't getting it and it's a bit clearer.
Same problem for marijuana companies.
The difference is that marijuana is illegal at the federal level while crypto is (nominally) legal.
1 reply →