pull down to refresh

0 sats \ 2 replies \ @SpaceHodler 15 Dec 2023 \ on: Alby custodial LN goes invite-only for new users 🚨 bitcoin
What could potentially happen to them (or WoS) if the US declared them illegal? Would they be able to enforce it?
write
preview
0 sats \ 1 reply \ @elysia 15 Dec 2023
KYC to withdraw
reply
0 sats \ 0 replies \ @SpaceHodler 15 Dec 2023 freebie
But they don't have to enforce KYC if they don't deal with fiat deposits / withdrawals. There is no bank account to shut down, no relationship with the compliant world to lose.
The business earns fees in sats and can pay its employees in sats, which they can subsequently sell for fiat cash flow as their income, without any links to the business that paid them. Sounds like a perfect business model for operating purely in the Bitcoin economy. They don't even have to be registered as a company.
Did I miss something?