in modern banks money is just a number in a database, right? What stops the bank owners from just adding an amount to a saldo of an account?
In: Technology
I don’t see anyone giving the right answer so here it is:
It’s a regulation called Basel (I think the latest is Basel III) – also local central bank regulations
Where the limit on how these things work with banks, how much money from their customer’s money can they lend, etc
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