9 sats \ 5 replies \ @k00b OP 16 Dec 2023 \ parent \ on: [important] foreign asset control compliance meta
No one contacted us, we just want to be compliant before we could get contacted.
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10 sats \ 0 replies \ @jgbtc 17 Dec 2023
When it comes to bitcoin, no amount of compliance will be enough for them in the long run.
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0 sats \ 3 replies \ @sancristrader 16 Dec 2023
From my experience running a bootstrapped company with 37 million users, such proactive policing is a waste of scarce resources.
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12 sats \ 2 replies \ @k00b OP 16 Dec 2023
I agree it expends scarce resources.
Regulators seem very stirred up about bitcoin is our concern and OFAC related fines (not to mention legal) would kill us in our crib.
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334 sats \ 1 reply \ @sancristrader 16 Dec 2023
I found this list but unsure if SN is big enough: I think there's somewhat practical and won't go after tiny volumes, unless something specifically pisses them off.
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21 sats \ 0 replies \ @k00b OP 16 Dec 2023
Thanks for the link! That's sobering. It does seem like it's relatively uncommon to be prosecuted.
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