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> If someone were to reveal that these exchanges were trading against their customers, are we sure that the authorities would be unwilling to press charges? Ba
by Gys 9y ago
> If someone were to reveal that these exchanges were trading against their customers, are we sure that the authorities would be unwilling to press charges?
Based on what ? Because some people might think that is immoral ? Trading in most things is not regulated. So there is no law to be broken, expect very basic ones (you have to deliver if you receive fiat money).
If I have a trading platform in art, then I can still buy and sell for my private collection. Crypto coins are not different.
- lagadu 9y agoThe difference is that GDAX is part of Coinbase, which is registered as a regular exchange under the New York DFS which puts them under the same regulations as non-crytop exchanges.
- lawlessone 9y ago>Because some people might think that is immoral ? No because they're actually laws and you can go to jail.
- dmichulke 9y ago> are we sure that the authorities would be unwilling to press charges? > Based on what ? Fraud?