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Programming applications on incumbent financial systems requires : bonding, licensing, regulatory certifications, insurance, etc. That's the permission being re
by brighton36 11y ago
Programming applications on incumbent financial systems requires : bonding, licensing, regulatory certifications, insurance, etc. That's the permission being referenced.
- mpyne 11y agoExcept that you need to do the same things for Bitcoin-based businesses as well, as I indicated in my other comment. If you're trying to say that you'll simply break the law, you are also able to do so with fiat cash flows (just ask the cartels).
- brighton36 11y agoYou absolutely do not need to do the same things for Bitcoin. The companies that work in the Bitcoin space which require this regulation, require it due to their handling of fiat.