Sorry if this is OT, but didn't regalii go thru YC? IT doesn't have the flag. At any rate, Regalii was one of the best companies in my round of Startup Chile.

Sorry if this is OT, but didn't regalii go thru YC? IT doesn't have the flag. At any rate, Regalii was one of the best companies in my round of Startup Chile. I saw their pitch and I really wanted to invest. Of course they have these challenges, and with the current regulatory climate in the USA this is only going to get worse and worse over time-- imagine what will happen when they have to verify and report the identity of every recipient of their funds? I think thats not too far off. IT will be hard to report he identity of Chileans or Argentinians or Uruguayans to the IRS because it will be hard to collect it in a way the IRS understands. And then how many argentinians are going to want to give a US company enough info that the remittances (in US Dollars equivalents) can be reported to the argentinian government at some point down the line? Moving money across borders is the number one business governments seem to want to destroy (Because of course all this money could be "Terrorism" or "drug" related.)