[steeeeeve]

global from day one and circumvent government interference

--- There are banking laws all over the world that need to be considered and followed, the US in particular has a set of banking laws that differ in each state unless you are an actual bank that follows federal regulations.

Ignoring or being purposefully ignorant of the laws is a bad path.

[jgilias]

They are not holding people’s money. That’s the whole point of it. So most of the banking stuff really wouldn’t apply to them.

Now, when it comes to facilitating money transfers, or facilitating forex. Yeah, this they’d need to look into. But the idea seems to be that they’re a P2P marketplace bringing individual sellers and buyers together, but not really touching any of that money themselves.

Sort of like, is Uber a taxi firm? Different jurisdictions see this differently.

[threeseed]

> They are not holding people’s money

If you are facilitating the movement of money you are still governed by financial regulations.

Regulators aren't stupid. Trying to be clever will not get you anywhere.

[Shasnani]

Correct! There's certainly a lot of regulations to navigate, but we are strict about NEVER touching the fiat in any country; just connecting buyers and sellers.