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10 sats \ 7 replies \ @ek OP 25 Oct \ parent \ on: Are Cashu mint operators breaking the law? bitcoin
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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