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If exchanges can and do "reverse" transactions, what's the point of crypto? Legal use-cases only. Honestly curious. Each time I ask people talk about how they'r
by endisneigh 4y ago
If exchanges can and do "reverse" transactions, what's the point of crypto? Legal use-cases only. Honestly curious. Each time I ask people talk about how they're from some country and need to send money to their grandma in some other country and their government won't let them, nor will their traditional services, etc. etc. Fair enough, but you're technically just circumventing the government and its laws there.
I'm more curious about a situation where it's totally legal in every respect and crypto is better.
- bpodgursky 4y agoIf it had accidentally been sent to some unknown guy in Kazakhstan, the money is gone. Here it was sent to a known address tied to a legal entity, and the law does not allow for keeping accidental deposits ... it wasn't "reversed", it was voluntarily sent back.
- endisneigh 4y agoSure, but that's tangential to my point as Crypto.com would've been bound by the law either way, no?
- anonym29 4y agohttps://fred.stlouisfed.org/series/CURRCIR https://fred.stlouisfed.org/series/CURRCIR