Quote from: topbitcoin on November 26, 2021, 07:05:46 PM

Quote from: Rruchi man on November 19, 2021, 01:24:19 AM

Can the banks challenge the policies from the government? Are the banks working for the people or the government? is there any possibility that banks can operate freely entirely from government policies?

(Read news article here)

Any legal companies will obey with government rules, they wouldn't dare to be againts government if not want their company to be closed. Simple example, nowadays some centralized exchanges ask us to do KYC, and i think they do that because force from government too.

That's how government works. They tend to control everything especially when there's money involved.
Government didn't force these exchange to implement KYC verification, it's a way of regulating it and the government set a policy/rules to prevent fraud. The Exchange could actually refuse the KYC verification but it might need a lot of explanations and paperworks why they want to contest the regulations or else they can operate illegally.