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0 sats \ 8 replies \ @standard_sats 25 Oct \ on: Are Cashu mint operators breaking the law? bitcoin

Below holy FATF limit 200USD is not really, but then come various new regulations regarding sanctions.

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10 sats \ 7 replies \ @ek OP 25 Oct
No activity threshold applies to the definition of money transmitter. Thus, a person who engages as a business in the transfer of funds is an MSB as a money transmitter, regardless of the amount of money transmission activity.

-- https://www.fincen.gov/money-services-business-definition

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0 sats \ 2 replies \ @standard_sats 25 Oct

Nice find. I believe US laws are somewhat stricter in that regard.

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0 sats \ 1 reply \ @ek OP 25 Oct

Unfortunately, we had to become very familiar with these laws, lol

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77 sats \ 0 replies \ @standard_sats 25 Oct

Yes. This is a cursed place to build a business. Very unfortunate, however people in DeFi figured out some ways.

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0 sats \ 3 replies \ @DarthCoin 25 Oct

why do you always lower your status to a slave and put yourself under their "laws" ?
Slavery by self-slavery LOL

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0 sats \ 2 replies \ @ek OP 25 Oct

because I love messing with you

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0 sats \ 1 reply \ @DarthCoin 25 Oct

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0 sats \ 0 replies \ @ek OP 25 Oct

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