Where Pot Entrepreneurs Go When the Banks Say No

Re:Where Pot Entrepreneurs Go When the Banks Say No by losteric on Thursday January 04, 2018 @08:11PM (#16075663)

lol, crypto isn't magic. Security through obscurity is not a solution. We're trying to move away from that tor blackmarket world.

People need security through legality. This just needs to be... not illegal.

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Re:Where Pot Entrepreneurs Go When the Banks Say No by bufferoverflow on Friday January 05, 2018 @05:01AM (#16077673)

Crypto is not illegal. You just have to pay taxes on it, and exchanges might ask you to explain where the money came from.

I'm surprised nobody created a bank/exchange to take advantage of the situation.

[ Parent | on HN ]

Re:Where Pot Entrepreneurs Go When the Banks Say No by losteric on Saturday January 06, 2018 @03:45PM (#16087351)

Weed revenue is federally illegal. I think that's ridiculous, but buying crypto with that money in order to buy clean money is still considered money laundering under federal law.

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