Quote from: ex-trader on April 28, 2013, 09:16:55 AM

Quote from: franky1 on April 28, 2013, 01:44:23 AM

banks are not pulling the rugs from under exchanges.

exchanges dont even bother making rugs.. they just stand on the cold floor.

meaning they dont bother reading the regulations, getting authorised, keeping records or following any of the rules of handling fiat.

its like a majority of these exchanges are run by amateurs that have no previous experience in finance.

the community needs to up its game. its not difficult.

but being lazy by ignoring the laws and then blaming the regulators like its a total surprise is just reasons why i see the half assed attempts of making exchanges always fail.

+1000 couldn't have put it better.

True enough but laws tend to be behind when it comes to innovations