It’s easier to monitor the entire system (including individual accounts) and collude with the entire industry on regulations/policy. In other words it makes it easier for them to implement more regulations (which usually always ends poorly).
Less banks also allows for more predatory lending. Regional/community banks are usually the least predatory, if only the big boys are left they can essentially do what they want with loan terms because you would only have a few other options (who would probably offer similar terms).
Also makes it much easier to launch a CBDC program since that would require partnering with the banks. Fewer banks requires less parties being on board.
やトナ
npub1zm…masvy
2023-05-04 17:48:41
in reply to nevent1q…m50q
Author Public Key
npub1zmsrvhdse0fhdnzqt44gt0vxpft654e0p9tuas0644229rjjz4esumasvyPublished at
2023-05-04 17:48:41Event JSON
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"content": "It’s easier to monitor the entire system (including individual accounts) and collude with the entire industry on regulations/policy. In other words it makes it easier for them to implement more regulations (which usually always ends poorly). \n\nLess banks also allows for more predatory lending. Regional/community banks are usually the least predatory, if only the big boys are left they can essentially do what they want with loan terms because you would only have a few other options (who would probably offer similar terms). \n\nAlso makes it much easier to launch a CBDC program since that would require partnering with the banks. Fewer banks requires less parties being on board. ",
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