They are not holding people’s money. That’s the whole point of it. So most of the banking stuff really wouldn’t apply to them.

Now, when it comes to facilitating money transfers, or facilitating forex. Yeah, this they’d need to look into. But the idea seems to be that they’re a P2P marketplace bringing individual sellers and buyers together, but not really touching any of that money themselves.

Sort of like, is Uber a taxi firm? Different jurisdictions see this differently.