Am I the only one noticing that the quote complains about them putting it in writing and not actually doing it? Like the industry is more focused on avoiding logging your crimes and not actually committing crimes?
Just as in safety culture, train all you will — if the lived culture is "rules are for losers" and people who follow them have it harder guess what is going to happen?
There is a complicated limbo with things like LIBOR, where practice drifted into quietly rigging the number, first in phone calls and then chat channels, and everybody involved kind of forgot it might not be percieved as legal once the outside world realised what happened. https://www.investopedia.com/terms/l/libor-scandal.asp
Nice thing is that once you are in the club like the banks the worst that happens is a small fine. Crypto hasn't donated to enough politicians yet so they are actually targeted for real punishment at the behest of the enforcement arm of the big banks, the SEC
The primate AI is hallucinating after decades of prompt injections.
What obligation do we have to coddle “higher ups” figurative identity?
I'm honestly curious how people jump to such conclusions
After the FX scandals with the 'Cartel' chatroom, the libor scandals, we've seen compliance digging through all your Bloomberg chats and mails to find just about anything that sounds dodgy.
Crypto is new to this game, the other players have seen it before.
Fox could have carried on lying forever if they'd remembered not to libel a business, only individuals and minority groups.