Re:Where Pot Entrepreneurs Go When the Banks Say No
by TheSpiceIsLife on Thursday January 04, 2018 @11:43PM
(#16076608)
If the activity is wholly legal then there isn't a problem looking for a solution: existing cash handling services will gladly do business with you.
Taking in large sums of cash and swapping it over for some cryptocurrency or another is bound to attract at least a few people who have need to launder cash. Thus, the service is likely to run afoul of Know Your Customer regulations etc etc.
As others have pointed out elsewhere in the comments, we ought, in my opinion, fully legalise and regulate the industry.
Taking in large sums of cash and swapping it over for some cryptocurrency or another is bound to attract at least a few people who have need to launder cash. Thus, the service is likely to run afoul of Know Your Customer regulations etc etc.
As others have pointed out elsewhere in the comments, we ought, in my opinion, fully legalise and regulate the industry.