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A comment on Someone paid $2.6M in fees to move $134 worth of cryptocurrency. Parent comment

Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by olliej on Thursday June 11, 2020 @08:49PM (#23494830)
You still have to obey the laws of the company you operate in. So if you want to act like a bank, you have to obey banking laws - including all the capital and auditing.
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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by camjohnson26 on Thursday June 11, 2020 @11:17PM (#23495675)
Yes but different countries have different laws. The hope is the technology forces the laws to change eventually.
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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by olliej on Friday June 12, 2020 @03:11AM (#23496831)
What happens is that you need to obey both sets of laws. This is both good and bad.

e.g. one country requires you don't allow transactions with terrorists. So neither end can be a terrorist org.

additional e.g. one country says LGBT orgs are illegal so neither end can be an lgbt org.

etc.

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