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>to do compliance for it FWIW, complianceless payments are dejure illegal by definition. So any economic activity being made possible by them is roadkill of th
by ovi256 8y ago
>to do compliance for it
FWIW, complianceless payments are dejure illegal by definition. So any economic activity being made possible by them is roadkill of the current regulatory environment, legally speaking. A nice example of Bastiat's "That which is not seen".
- lixtra 8y agoThis is just wrong. A kiosk merchant may accept cash payments legally. If she wants to accept cards she has to go through the stricter compliance rules of the card processors. Same applies for crypto. A transaction does not become illegal just because some class of players do not want to become part of it.