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If they are using USD I fail to see how country even plays a role. It makes sense if you are converting currency, you want to have a local office to keep some
by sova 10y ago
If they are using USD I fail to see how country even plays a role. It makes sense if you are converting currency, you want to have a local office to keep some sort of buoyancy. However, if the currency matches your origin, then you can do digital business anywhere there's an ip address. I fail to see how country can play a role in what is presumably an entirely USD-based transaction.
- nathanvanfleet 10y agoBecause... you assume... that just because its USD means that it is through US accounts? You can be Canadian and have a bank account in US dollars. But the way to transfer money would be the Canadian system.
- kolinko 10y agoDifferent regulations regarding money transmitting businesses in different countries. Different countries require different paperwork from money transmitters, and you have tomcomplain with it. If you could just follow your country's red tape, all the money transmitters would just operate from an unregulated tax heaven...