> In EU, regulations are heavy and the result is I can send money instantly for free.
I can assure the cost of those regulations is enormous for the banks. They were forced to make the SEPA transfers free but you ended up paying for it everywhere else.
the original claim was that somehow the EU regulation enabled free, instant transfers. the claimant didn't specify but obviously talked about SEPA transfers, however, they aren't free or instant across Europe by a large margin.
I can assure the cost of those regulations is enormous for the banks. They were forced to make the SEPA transfers free but you ended up paying for it everywhere else.