4 ms·
It probably seems unclear to you because you are not familiar with the industry and/or AML regulations. To answer your questions, cryptocurrency miners are not
by olalonde 4y ago
It probably seems unclear to you because you are not familiar with the industry and/or AML regulations. To answer your questions, cryptocurrency miners are not money transmitters, even if they sell their cryptocurrency and they can accept fees from any transactions.
Of course regulations can change, but in this case it seems unlikely unless the intention is to effectively "ban" cryptocurrency.
- TechBro8615 4y agoI didn't get the sense that WJW is unfamiliar with the industry. I read their comment as suggesting that the administrators who designed the existing regulations did so at a time when the widely understood definition of "miner" was a proof-of-work miner. If the same regulations were drafted today, would PoS validator nodes be considered functionally equivalent to PoW miner nodes? I hope not, since they aren't.