The Three Great Mountains of U-Card/Crypto Bank *The following is the content I shared within the company about a week ago. At that time, Bybit and Infini had not had any issues and did not constitute any project evaluation or toxic milk one ️⃣ The security of asset management business, especially on chain wealth management, is essentially a profit aggregator or a manual process. There may be more problematic links than YFI and Autofarm in the past, especially complex strategies two ️⃣ Compliance, if we go further, we must involve buying a bank license. Buying a bank license is not expensive, but if an old employee who has been acquired reports it once, the compliance penalty will be particularly expensive. Especially when it comes to on chain asset management. The compliance in this model is very complicated, and the business logic is much more complex than that of a simple Crypto Bank three ️⃣ AML and U-cards have a significant problem of being abused by the electronic fraud industry, but unlike trading all contracts to generate revenue, and unlike Teda, which has relatively less interaction with traditional parts, most direct acceptances are corporate accounts and do not directly undertake retail risks (accounting on chain, acceptance on three parties). - - - Entrepreneurship is not easy, what is needed is to upgrade and fight monsters along the way, and have a responsible character. Give @ Christianeth a thumbs up for his handling of the situation.