Comment Sheep in Wolf's Clothing (Score 1) 6
Before entrusting money (or personal information) to a website, people might check to see if the entity behind the website is regulated by any credible government agency. Most are not, many (or most?) have been thrown together by a few tech-bros with the goal of turning a quick profit. They lack any regulatory oversight and likely dispense with the parts of their plan that isn't immediately profitable, like strong security. User privacy is a commodity, another way to make money, not a corporate sacred tenet.
Read the fine print, people!
