According to FINCEN.
Out for your Sunday morning Troll I see.
Topic: Decentralized Exchanges Are Illegal. - page 3. (Read 7929 times)
Out for your Sunday morning Troll I see.
According to FINCEN.
I hope they shut down Bitcoin. Would be funny.
They would have to shut off the Internet in it's entirety.
Shows what an idiot you are.
PPP dazzling us with his razor sharp intellect again
According to FINCEN.
care to back up that statement with some information?
I know it's asking a lot around here.
According to FINCEN.
*Shrug*
They're decentralized. The legality doesn't matter, they'll have a pretty rough time stopping them.
According to FINCEN.
I hope they shut down Bitcoin. Would be funny.
They would have to shut off the Internet in it's entirety.
Shows what an idiot you are.
According to FINCEN.
I hope they shut down Bitcoin. Would be funny.
They would have to shut off the Internet in it's entirety.
According to FINCEN.
Not if every person registers as a MSB?
Coming soon, MSB forms stapled to birth certificates
According to FINCEN.
I hope they shut down Bitcoin. Would be funny.
According to FINCEN.
Edit:
I figured people would connect the dots. FINCEN requires anyone operating as a business who exchanges one currency for another to register as a Money Services Business, whose compliance costs millions of dollars. Naturally this would only allow a few key players to operate as such, therefore decentralized exchanges are not legally possible, and because the regulation is applied to anyone using the entry/exit points that are the banks it is not technically possible either to operate outside the bounds of regulation.
Edit:
I figured people would connect the dots. FINCEN requires anyone operating as a business who exchanges one currency for another to register as a Money Services Business, whose compliance costs millions of dollars. Naturally this would only allow a few key players to operate as such, therefore decentralized exchanges are not legally possible, and because the regulation is applied to anyone using the entry/exit points that are the banks it is not technically possible either to operate outside the bounds of regulation.
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