this post was submitted on 01 Mar 2025
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They'd need to collaborate with a multitude of financial institutions in whichever jurisdictions they'd want to operate in. That's just a level of resources most FOSS projects don't have. Plus, I can't imagine banks would be big proponents of open-source; where's the money in that?
Also I can’t think of a FOSS project with the time or money to comply with US/EU financial laws.