FCA's fiat risk test: what if applied to banks?

A thought experiment explores applying FCA's crypto risk assessments to traditional fiat banking. It questions whether users must understand fiat's flaws before opening a bank account. The FCA's current warnings are shown as applicable to both crypto and fiat systems.

https://bennet.org/blog/fca-knowledge-test-fiat-banking/

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#fiat #fca #risk #banking