• OrganicMustard@lemmy.world
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    16 hours ago

    Because it’s the bank, financial institutions and the trail of transactions registered to known entities who say whose the money is. For crypto you only need the keys and it is yours.

    • boonhet@sopuli.xyz
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      13 hours ago

      Banks also have control of their own ledgers and can just issue a reversal transaction. If it’s between two banks, it’ll be more complex, but overall that’s still the case