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Why should hot dog vendors be exempt from regulations applied to financial institutions? Answer: because they're not financial institutions. Neither are bitcoin
by DennisP 4y ago
Why 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.