Re:Why you can’t cash out part 1: Bitcoin’s “price” is large...
by Gys on Monday December 18, 2017 @06:42AM
(#15950975)
> If someone were to reveal that these exchanges were trading against their customers, are we sure that the authorities would be unwilling to press charges?
Based on what ? Because some people might think that is immoral ? Trading in most things is not regulated. So there is no law to be broken, expect very basic ones (you have to deliver if you receive fiat money).
If I have a trading platform in art, then I can still buy and sell for my private collection. Crypto coins are not different.
Re:Why you can’t cash out part 1: Bitcoin’s “price” is large...
by lagadu on Monday December 18, 2017 @08:03AM
(#15951310)
The difference is that GDAX is part of Coinbase, which is registered as a regular exchange under the New York DFS which puts them under the same regulations as non-crytop exchanges.
Re:Why you can’t cash out part 1: Bitcoin’s “price” is large...
by lawlessone on Monday December 18, 2017 @08:24AM
(#15951411)
>Because some people might think that is immoral ?
No because they're actually laws and you can go to jail.
Are we sure about this? The two largest USD-exchanges are Coinbase/GDAX and Bitstamp, which operate out of California and London, respectively.
If someone were to reveal that these exchanges were trading against their customers, are we sure that the authorities would be unwilling to press charges?