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> Perhaps the takeaway is that when banks refuse to do business with crypto traders, or when a government bans trading altogether, it doesn’t stop traders from
by askmike 7y ago
> Perhaps the takeaway is that when banks refuse to do business with crypto traders, or when a government bans trading altogether, it doesn’t stop traders from trading. It just forces them to find creative solutions. If it were easy for crypto exchanges to use the traditional banking system, there would be no need for Tether at all.
This is a point not many seem to understand.
- EdwardDiego 7y agoThe reason it's not easy is because of anti-money laundering/know your customer legislation - which directly contradicts the few currency uses Bitcoin has at this point.