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What are the regulators going to do if the bank is just a few vaults filled with insured physical cash, and the bank does full AML/KYC?

You might be able to find funding to start such a bank purely to show how ridiculous the regulators are being. Doesn't necessarily need to make a profit to be worth doing.

allen 2y ago

well the regulators have men with guns, so I’d prefer if we believed on balance that this was unlikely to lead to a shootout 😂

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Discussion

Peter Todd 2y ago

I'm pretty confident it won't lead to a shootout. At least from the regulators... 😂

Actually, come to think of it one way to start this bank profitably might be to make it an add on to an existing cash management business.