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Legally, yes. FinCEN distinguishes custodial exchanges with noncustodial wallets. It looks like signal is doing the latter. Bitcoin Core (the software) is not
by dannyw 6y ago
Legally, yes. FinCEN distinguishes custodial exchanges with noncustodial wallets. It looks like signal is doing the latter.
Bitcoin Core (the software) is not registered as a money transmitter anywhere in the world, its developers are fine and never got into any trouble.
- JumpCrisscross 6y ago> FinCEN distinguishes custodial exchanges with noncustodial wallets. It looks like signal is doing the latter. We agree. There is a legal difference between a custodial exchange and noncustodial wallet. Just as there is a difference between a non-money messaging system and a noncustodial wallet. The comment you are responding to concerned itself with the latter.