Technology

59456 readers

4148 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

482

Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse (arstechnica.com)

submitted 2 months ago by Xatolos@reddthat.com to c/technology@lemmy.world

77 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] EngineerGaming@feddit.nl 2 points 2 months ago (1 children)

Yea, but the bank still has a different usecase, and is treated as untrusted. KYC matters to me because a) one more place can leak my very sensitive documents; b) these exchanges can ban me or deny me entry because of my citizenship; c) crypto here is a gray area and having a legal record of me purchasing it might bite me later, even if it is unlikely.

But true, it can work. Especially for businesses.

[–] sugar_in_your_tea@sh.itjust.works 2 points 2 months ago (1 children)

Yeah, just be careful. I personally would prefer to buy in-person with cash in that case.

[–] EngineerGaming@feddit.nl 1 points 2 months ago

I do just that)