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122 sats \ 2 replies \ @k00b 12 Jul 2022 \ on: What are the regulations for this type of website? bitcoin
We'll be exploring non-custodial solutions soon which hopefully relieve some of this pressure but I share your concern on long time frames.
My biggest fear frankly is that even facilitating non-custodial matchmaking will come under regulation that requires KYC.
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112 sats \ 0 replies \ @nerd2ninja 12 Jul 2022
Hmm, I've been thinking about this myself. I want to give Bitcoin to my customers as rewards points when they buy from me. I'm hoping that because the Bitcoin is a gift I'm not required to KYC as I'm not selling the Bitcoin, but man who freaking knows. I wouldn't be surprised if they passed a law saying you had to KYC anyone you send Bitcoin to outside of being a business, just being a normal person.
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100 sats \ 0 replies \ @tosky 12 Jul 2022 freebie
There is a reason to push against the KYC hegemony and we should steive to do our best in that fight.
Godspeed!
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