Re:Coinbase lets you convert your tokens into gift cards
by dragonwriter on Thursday July 26, 2018 @09:10AM
(#17617117)
> It seems you can bypass some regulations by doing this.
Which regulations do you think it sidesteps? Because that seems to just make the scheme a money transfer system subject to all the usual AML regulations.
> How long would it take until the regulatory board starts banging down your door.
Which regulations do you think it sidesteps? Because that seems to just make the scheme a money transfer system subject to all the usual AML regulations.
> How long would it take until the regulatory board starts banging down your door.
Not long at all.