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http://www.nytimes.com/2015/11/25/business/dealbook/dream-of-new-kind-of-credit-union-is-burdened-by-bureaucracy.html>
"Mr. Kahle’s experience and internal documents offer a glimpse into how
regulators approach a new technology like Bitcoin, which most banks have
refused to touch, partly because of the hesitation of regulators. More broadly,
the troubles faced by his Internet Archive Federal Credit Union point to how
difficult it can be to try out anything new in the heavily regulated industry."
Trying something innovative is difficult at the best of times, but doubly so
when the incumbents are wealthy and powerful and have a very close relationship
with their own regulators.
Cheers,
*** Xanni ***
