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0 sats \ 0 replies \ @03dc32ac84 20 Dec 2023 freebie \ on: Is there a managed lightning as service for developers? lightning
What about regtest?
Quote from EU regulation
This Regulation shall apply to transfers of funds, in any currency, which are sent or received by a payment service provider or an intermediary payment service provider established in the Union. It shall also apply to transfers of crypto- assets, including transfers of crypto-assets executed by means of crypto-ATMs, where the crypto-asset service provider, or the intermediary crypto-asset service provider, of either the originator or the beneficiary has its registered office in the Union
I don't like this setup based on following excerpt of the docs.
- Intercept the incoming HTLC
- Settle it itself instead of continuing forwarding it (by giving preimage to LSP)
- Open a channel to the wallet with push amount
The LSP can steal incoming payments.
In step 2 the LSP is granted custody of the incoming payment. The LSP-client can only hope that the LSP forwards the payment.
I am not a lawyer and just a dev. But processing payments on behalf of others and taking custody in the procesd might require a money transmitter license in your jurisdiction.
GENESIS