Re:Facebook Novi: Wallet for Libra Digital Currencies
by chrisco255 on Tuesday May 26, 2020 @01:26PM
(#23313921)
Not the decentralized, blockchain-based ones.
[ Parent
| on HN ]
Re:Facebook Novi: Wallet for Libra Digital Currencies
by rodonn on Tuesday May 26, 2020 @04:11PM
(#23315862)
Even for decentralized ones, there are legal requirements for any entity that wants to let you buy or sell. Anyone who buys or sells bitcoin from you without doing KYC is breaking US law.
Re:Facebook Novi: Wallet for Libra Digital Currencies
by chrisco255 on Tuesday May 26, 2020 @04:42PM
(#23316143)
No, because Bitcoin is a commodity, it's not legally classified as money. There's no need to do KYC for BTC any more than there is for baseball cards.