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0 sats \ 2 replies \ @Lederhosen OP 3 Dec 2023 \ parent \ on: Continuation of "Self-Custody for Everyone": What Are Banks Plotting? bitcoin
Acquiring those licenses is a substantial investment. Banks wouldn't go through the process just for the fun of it, considering the significant cost involved. To put it in perspective, a lawyer specializing in Bitcoin regulation charges around €500 per hour in Germany.
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0 sats \ 1 reply \ @kilianbuhn 3 Dec 2023
I didn't say "for the fun of it". They make margins and profit from it.
It's really simple. Why do you look for a complicated hidden explanation when the obvious explanation is sufficient and really obvious?
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0 sats \ 0 replies \ @Lederhosen OP 3 Dec 2023
I was interested in possible Custoday products that could come...without wanting to use them myself or recommending them.
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