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by turkeytotal 1926 days ago
Cool product! Can you elaborate on the regulatory framework you guys operate under? I am surprised to see so little data collection for such high volumes (up to $10,000 / day). Do you guys have a BitLicense? Or any MT licenses for the other 49 states?
1 comments
krucraft 1926 days ago
Thank you!

We've structured the product and flow of funds such that we are exempt from MTLs and the Bitlicense. The volume limits and data collection we perform are all within the legal framework for AML. We may adjust them over time as we develop our risk model. I believe it is possible to have security without sacrificing privacy. :)

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turkeytotal 1926 days ago
I am surprised to hear that the NYDFS considers a service that facilitates the sale of cash equivalents for cryptocurrency exempt from licensing. Would you mind sharing more?
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