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0 sats \ 1 reply \ @DarthCoin 9 Jan \ parent \ on: Cowboy Credits - Quick Summary (my attempt) meta
So if SN is a money transmitter for doing this, so is every routing node on the lightning network.
So what is wrong with being a money transmitter? I don't understand why all this hassle just because some users are keeping a bunch of sats in a SN account. Lower the account limit and done, keep it simple. Nobody cares about "money transmitting" bullshit.
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0 sats \ 0 replies \ @k00b 9 Jan
All the old on-chain bitcoin tipping services were sent cease and desist letters, or something like it, for money transmission because they were custodial. That's why custodial/noncustodial makes a difference - no noncustodial service has been charged with unlicensed money transmission to date.
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