3 ms·
Why should crypto be exempt from the regulations applied to other financial institutions?
by jasonhansel 4y ago
Why should crypto be exempt from the regulations applied to other financial institutions?
- mgamache 4y agobecause cash is a dying animal and without it we have zero privacy.
- jasonhansel 4y agoIn that case, shouldn't we get rid of money laundering regulations for all financial institutions? That would (presumably) provide even more privacy; there's no reason to make crypto an exception.
- someguydave 4y agoyep, this should happen
- kodyo 4y agoI accept your terms.
- DennisP 4y agoWhy should hot dog vendors be exempt from regulations applied to financial institutions? Answer: because they're not financial institutions. Neither are bitcoin miners or proof-of-stake validators. Centralized exchanges like FTX, on the other hand, absolutely should be subject to those regulations. But in the US they pretty much already are. FTX was in the Bahamas.
- deleted 4y ago[deleted]