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They apply when you try to convert from a fiat currency to a digital currency and vice-versa. And trading derivatives contracts on a blockchain would almost cer
by jeffreyrogers 10y ago
They apply when you try to convert from a fiat currency to a digital currency and vice-versa. And trading derivatives contracts on a blockchain would almost certainly violate US laws.
edit: there are also regulations that apply to physical cash transactions if they are over a certain amount.
- aminok 10y agoYes conversion is subject to regulation but I don't see how that prevents cryptocurrency/blockchain applications from being useful. >And trading derivatives contracts on a blockchain would almost certainly violate US laws. These laws will eventually be made obsolete, the same way obscenity laws were made obsolete by the internet.