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by apexkid 498 days 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.

2 comments

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.

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?
Please answer this question, the response is phrased like a yes without explicitly saying it.
The developing world governments lack the resources to impose and execute laws successfully against crypto (or any other area).
Good old straight to the point we want to be criminals because we can.
No. We just want fruits of our labor not to evaporate next day.
If finding a way to have less of your money and labor stolen by the government makes you a criminal then lock me up
Said the bank robber.
People commit crime because the risk/reward is worth it here. Most of crimes go unpunished in my country, Mexico.
They only want the profits, but you're on the right trail.