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According to Brian Armstrong, a regulated financial services business that is not a bank you are required to hold the total dollar value of customer
According to Brian Armstrong, a regulated financial services business that is not a bank you are required to hold the total dollar value of customer assets but they may be denominated in various cryptocurrencies not required to hold any particular ratio of assets required to hold customer assets one-for-one denominated in that asset required to hold a minimum of 90% of the total value of customer assets in dollars or euros According to Brian Armstrong, a token issued to raise money for a company should be regulated by the but a token, like a governance token, should be regulated by the Fed; FDIC NYDIG; Fed SEC; CFTC OCC; FDIC According to Michael Saylor, a counterparty who is regulated can be trusted if there is a counterparty it's not money. It's credit. publicly-traded companies are trustworthy credit and money are essentially the same Sam Bankman-Fried owns or owned and Binance; Pershing Square CZ Partners; Microstrategy Alameda; FTX Coinbase; Bitpay According to Michael Saylor, bitcoin is all of the following except not truly money technically sound economically sound ethically sound Unlike FTX, Coinbase is a market maker unregulated a public company based in the U.K. Some customers of FTX stored their crypto in wallets controlled by FTX, which allowed FTZ to have control over customer assets. True False According to Michael Saylor, running a bitcoin node contributes to climate change the ultimate charitable pursuit is going to your grave with your private bitcoin keys bitcoin is a form of credit bitcoin makes charity public
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