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A comment on Why you can’t cash out part 1: Bitcoin’s “price” is largely fictional. Parent comment

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.

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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.
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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.

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Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by dmichulke on Monday December 18, 2017 @10:01AM (#15952049)
> are we sure that the authorities would be unwilling to press charges?

> Based on what ?

Fraud?

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