2 ms·
Remember the crypto rallying call “Be your own bank”? Well, this is what it actually means: you’re on the hook for enforcing sanctions and all kinds of shit th
by pavlov 4y ago
Remember the crypto rallying call “Be your own bank”?
Well, this is what it actually means: you’re on the hook for enforcing sanctions and all kinds of shit that banks do.
- scottiebarnes 4y agoAre you on the hook for when you sell your couch on craigslist for dollars? If not, why not?
- rtkwe 4y agoWhat do you mean on the hook for what? You're supposed to include that in your EOY taxes and AFAIK you're also not allowed to sell to sanctioned entities. No one will care in all likelihood but you're still not supposed to.
- scottiebarnes 4y agoSo you need to do a background check on anyone you sell to, so you don't give money to sanctioned entities?