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Is it illegal to transfer value from person A to person B without the middleman?
by eecks 6y ago
Is it illegal to transfer value from person A to person B without the middleman?
- alisonkisk 6y agoIn many cases, yes. It's not the "middleman" that is required, but reporting the transaction to the government is.
- mmcwilliams 6y agoIf avoiding reporting a transaction is the goal does committing the transaction to a public blockchain really bypass this? All activity is pseudonymous and in the clear.
- eecks 6y agoConsider these cash examples: A parent gives his child 5 USD to buy some sweets in the local shop. A couple gives another couple 150 USD as a wedding gift. A painter gets 200 USD for painting a house.