Debby: Difference between revisions
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In 2019, the Packilvanian Banking Association issued a formal complaint against Debby to the Packilvanian Financial Regulatory Board as they felt that they were assuming all of the financial risk for the transactions that were being done on the Debby platform. Furthermore, they complained that Debby was depriving them of the income they would generate from having clients deposit funds directly into their coffers. Some banks issued a counter proposal, stating that Debby was pooling the financial risks that would arise from individual users. This conflict among the banks gave rise to a ruling by the Financial Regulatory Board stating that the government would make requests for Debby to maintain minimum reserves.
Despite the initial scare among investors, confidence in the company resumed especially as the ability of the company to meet its payment commitments improved
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