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Rabbit Hole Recap #262: CBDC Precursor FedNow Launches

Rabbit Hole Recap

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The Financial Action Task Force's Influence on Financial Regulation

The financial action task force needs to be some explanations. Nobody elected these people, nobody asked for them. Every centralized institution will trend towards corruption and inefficiency on a long enough time scale. People need to stop being surprised. And we need to build tools that don't operate under that assumption. That's why Bitcoin is interesting to me because the unfortunate reality is you just can't have faith in any of these.

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