this post was submitted on 27 Oct 2023
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“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”

Well that sounds terrifying!

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[–] Humanius@lemmy.world 377 points 2 years ago* (last edited 2 years ago) (51 children)

Just wait till Musk learns about banking regulations.
He's already complaining about the EU regulations on social media, but they nothing compared to what banks have to deal with.

[–] CmdrShepard@lemmy.one 20 points 2 years ago* (last edited 2 years ago) (9 children)

Somehow services like PayPal manage to avoid being regulated like a bank. I'm sure they'll ~~clobber~~ cobble together some potentially unlawful solution and not face any repercussions for it.

[–] EyIchFragDochNur@feddit.de 23 points 2 years ago

Paypal is a bank here in europe. Hope musXk leaves Europe.

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