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Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach (www.cnbc.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach::Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.

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[–] Mojojojo1993@lemmy.world 2 points 1 year ago

You need to use fiat to purchase crypto. Suppose you could mine it. Banks are though. Most sites I use require verification now and banks are involved in that process.

I'm aware of that but they are heavily invested in Bitcoin and making money from it. They don't want it to succeed but they do what monies from exploiting it.

I'm aware. Not crypto but blockchain has impeccable transparency. Every politician and business should show a paper trail of what they spend our money on.

Auz has receipts of what their tax is "spent" on. Be great to force that through but they control the laws so far chance