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Which legal hoops do you mean?

• sneak 11y ago
  These days, participating in most western bitcoin exchanges requires going through many government requirements such as providing identity documents and going through various arbitrary screening and watch-list checks. Of course, if any of these public or private databases matches you, it's not really in the exchange's interest to go to bat for you. There are other customers and they do business based on volume. The basic premise that bitcoin has ushered in this new system of open money is false. Everything he describes is happening on existing, closed businesses. The fact that the asset he's trading happens to be bitcoin is somewhat immaterial.