And still he'll not learn from this.

there's a potential lession in here that the same fate awaits all of the bitcoin "neobanks", "bitcoin for corporations", and all other "regulated bitcoin" adventures but we're not in a timeline where anything useful is ever learned anyway

Someone should tell him about bitcoin...

Dodgy offshore banks are no different than dodgy offshore gambling sites. There isn't much difference between a Peter Schiff and a Calvin Ayre.

Come on, that's not real is it?

fucking hilarious. especially because it is him.

Wasn't he just trying to run a 100% reserve bank. He's not wrong but this is why you can't run an honest bank.

the universe loves irony

Surely he doesn't believe this is due to gross negligence and failure of government. Seems perfectly executed and produced the desired results.