Banking System is Designed To Exclude 98% of the World From Investing

Written by ras | Published 2021/03/08
Tech Story Tags: know-your-customer | investor-protection | bitcoin | bnaking | anti-money-laundering | defi | banking-system | kyc-aml

TLDR Banking System is Designed To Exclude 98% of the World from Investing, says Ras Ras Vasilisin. Know-your-client (KYC) guidelines and Investor Protection programs are more damaging than the problems they are trying to solve. The idea that the government can protect 98% from the population by excluding them is ludicrous but also discriminatory. Bitcoin and DeFi companies are an excellent opportunity for the Bitcoin and the Bitcoin companies are the companies that are getting richer, and the poor are getting poorer.via the TL;DR App
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Written by ras | Bitcoiner
Published by HackerNoon on 2021/03/08
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