It’s only trivial as long as you have a single entity. Try adding a foundation, ... | Hacker News

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		jbverschoor on June 16, 2021 \| parent \| context \| favorite \| on: Europe's Software Problem It’s only trivial as long as you have a single entity. Try adding a foundation, having foreign shareholders, different layers. I’ve seen and heard of 9+ months, and a ton of paperwork

tluyben2 on June 16, 2021 [–]

And that is not true in the US? I don't know but it takes a lot of effort in countries we did it outside of the EU. US banks are generally more gung ho on money laundering prevention and such so it seems hard to believe complexity will narrow the gap.

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