That is not true as certain EMI's (Electronic Money Institution) don't fall under CRS law in some countries(UK and some others as well) because they don't have banking license and don't exchange information unless requested by authorities. Wirex and TranserWise to name a few.
Depends on the tier you are. Higher tiers can find a niche and just make 20 30 different designs and capture a nice % of market share. If you're lower tier you really won't be making any serious money anytime soon. But if you put in the time and make decent designs and good SEO you could be...
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