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You could say the same thing about Eurodollars-- "US Dollar" denominated assets that are held in banks outside the United States and not subject to US Bank regu
by datadata 4y ago
You could say the same thing about Eurodollars-- "US Dollar" denominated assets that are held in banks outside the United States and not subject to US Bank regulations. The size of this market is more than 10x all of crypto.
- BobbyJo 4y agoYou could an you'd be right. Although, then you are trading one regulatory body for another, which you can do pretty freely with currency trading. Crypto is where you go if you don't want any regulatory bodies at all.
- jqpabc123 4y agoCrypto is where you go if you don't want any regulatory bodies at all. Crypto is where you go if you are naive enough to believe that technology can be an effective substitute for financial rules and regulations.