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apexkid | 1 year ago

Congratulations on the launch.

My question is that how will you deal with future government regulations. In developing world, the government does not like crypto and may impose laws like upfront taxation to discourage people from investing.

discuss

order

Shasnani|1 year ago

Thanks!

While we want to have constructive conversations with some of these governments (I actually believe it's possible), ultimately we can't stop hostility / regulations against crypto. What we can do is offer our service and be transparent about what it is — and then users in those countries can make decisions for themselves about whether they can/should engage.

I'm hopeful, however, seeing countries like Turkey and a couple in LatAm that have significant crypto adoption without overt government hostility — when adoption reaches a critical mass, I expect to see more governments relax restrictions.

Gerardo1|1 year ago

If a government in a country you operate in explicitly makes services like yours illegal for people to use, will you stop operating in that country?

raztogt21|1 year ago

The developing world governments lack the resources to impose and execute laws successfully against crypto (or any other area).

Lionga|1 year ago

Good old straight to the point we want to be criminals because we can.