Digital Banking & Jurisdiction Arbitrage - Overplayed?

Been seeing a lot of chatter lately about how easy it is to set up a digital-first corporate account anywhere, leveraging favorable jurisdictions. The idea is simple: go where the taxes are low, compliance is easy, and you can operate globally with minimal friction. While theoretically sound, I'm finding the real-world application often falls short of the hype. Many of these solutions, especially for smaller businesses, still hit roadblocks when integrating with traditional finance (think merchant services, international transfers without exorbitant fees). And the legal landscape is shifting constantly; what's compliant today might be a headache tomorrow. Are we collectively overestimating the practical advantages of pure jurisdiction arbitrage in the digital banking space, or am I just missing the truly innovative solutions? Push back on this.