Market makers are losing access to go from fiat to crypto and vice versa.

Long-term, the only impact is that the U.S. is losing market share. They're losing innovation. They're losing potential taxable capital.

The more that they tighten the onramps and offramps from crypto to fiat, the more they shoot themselves in their own foot.

I love to see more bullets in their feet until they get paralyzed.

On a side note, I am suspicious that our government's move to re-register again the already registered mobile phones here in the Philippines has the same intent - either to police or cut the flow of capital from fiat to crypto and vice-versa.

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