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A comment on Global banking regulators call for toughest rules for cryptocurrencies. Parent comment

Re:Global banking regulators call for toughest rules for cry... by HappySweeney on Friday June 11, 2021 @08:59AM (#27472691)
Hawala relies on trusted intermediaries to cash out. How would that happen with bitcoin? I doubt many legitimate uses would suffer back-alley transactions.
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Re:Global banking regulators call for toughest rules for cry... by saba2008 on Friday June 11, 2021 @10:46AM (#27474110)
Same way, trusted cash exchange intermediaries. localbitcoins seems to be exactly this.

And for bitcoin it is much easier than for traditional systems, as trust only need to cover exchange operation.

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