Basically, they’re mad that the platform has been set up (somewhat) in compliance with US law, which says you have to know who you’re dealing with when you’re making financial transactions, in order to avoid being a participant in various financial crimes, or being a way to funnel money to terrorist groups and organized crime.
This is a requirement on every company that handles the moving and exchanging of money, but the crypto world holds onto the obsessive belief that they are exempt fun this, basically just because they really want to be.
Trump, meanwhile, is basically saying “Just vote for me and I’ll make all those laws go away and you can have all the unregulated wildcat banking you want.”
Limiting it to individuals with 100k USD income or greater is kinda smart since these are the people that would be able to recover somewhat if they blow all their savings and investments on a stupid Trumpy rugpull scheme.
Basically, they’re mad that the platform has been set up (somewhat) in compliance with US law, which says you have to know who you’re dealing with when you’re making financial transactions, in order to avoid being a participant in various financial crimes, or being a way to funnel money to terrorist groups and organized crime.
This is a requirement on every company that handles the moving and exchanging of money, but the crypto world holds onto the obsessive belief that they are exempt fun this, basically just because they really want to be.
Trump, meanwhile, is basically saying “Just vote for me and I’ll make all those laws go away and you can have all the unregulated wildcat banking you want.”
Limiting it to individuals with 100k USD income or greater is kinda smart since these are the people that would be able to recover somewhat if they blow all their savings and investments on a stupid Trumpy rugpull scheme.