[sooyoo]

Thanks for posting this. I now know one more person who I'll make sure to never work for. Such a chaotic, ill-informed and partially self-contradictory mess.

Yes there is some bureaucracy involved. No, not all of this makes sense. (Especially to somebody with only partial language familiarity despite the repeated claims to the contrary, but you are making it obvious that there are quite some deficiencies in your knowledge. Fun fact: A foreigner in the UK also won't know all the English legalese.)

One of the points of all of this is to reduce the risk of something like FTX happening. That's why those guys are in the Bahamas, not in Germany.

[troppl]

> One of the points of all of this is to reduce the risk of something like FTX happening. That's why those guys are in the Bahamas, not in Germany.

You cannot possibly be serious. Wirecard happened only two years ago.

So, while the thinking might goes that all this is for something like FTX, it's obviously not succeeding.

[tasubotadas]

I think the benefit is mutual