The article raved about the current situation of the banking industry and Japan. @_FORAB Tether has no more than 100 employees but is able to utilize blockchain technology for expansion, enabling it to perform critical functions of the entire global banking system. In contrast, JPMorgan Chase, the world's best operating commercial bank, has only over 300000 employees. Taking my experience at BitMEX as an example, I attempted to open an office in Tokyo and obtain a cryptocurrency trading license. Regulatory agencies require that for each compliance and operational function listed, you must hire a person with an appropriate level of experience. To complete all required functions, approximately 60 employees are needed, each with an annual salary of at least $80000, totaling $4.8 million per year. All of these tasks could have been automated, with an annual SaaS vendor fee of less than $100000. I also want to add that this approach makes fewer mistakes than hiring people who are prone to making mistakes. Oh... Also, in Japan, you can't dismiss anyone unless you close the entire office.