Do you really think that Google or Amazon want to be a bank? - Chris Skinner's blog https://thefinanser.com/2017/10/really-think-google-amazon-want-bank.html/ … via @Chris_Skinner
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Tech companies not nearly there yet - they maintain barriers to entry through network effects not "regulated industry" barriers to entry
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Once everywhere, Amazon wanted to pay sales tax.Once Paypal at scale, it embraced KYC to form barrier.GAFA will figure how to make reg work
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New conversation -
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Most businesses don't want to be regulated until such time as those regulations guarantee perpetuity and shut down competition
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