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1061 sats \ 3 replies \ @k00b 23 Oct 2022 \ on: FATF, VASP, and Stacker News bitcoin
tbh I don't really think about legal proposals. I'm not sure it's a great use of time.
In general, my preference is to comply by technologically circumventing them. Non-custodial wallets will circumvent some proposals, and decentralizing SN will circumvent others.
Reasonable legislation will exempt small txs. In the US at least international currency can be spent below a certain threshold and not be considered taxable. I'm not sure about elsewhere.
We'll see I guess!
Thanks for sharing your perspective! I truly hope (and would lobby) for exemptions for these kinds of projects..
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What's your plan to decentralize SN?