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by oefrha 500 days ago
> How is this different? Structuring it as peer-to-peer allows us to actually be global from day one and circumvent government interference—in most of these markets, centralized products (i.e., requiring a bank account in the relevant country) often get shut down.

"Circumvent government interference" sounds like a euphemism for "we're illegal but we make law enforcement hard".

1 comments

Yes and: "Circumvent government interference" to me means no accountability, no transparency, no correction of mistaken & contested transactions.
They are still subject to US law I presume (like Ftx).

(As someone who spent most of his life in a country with capital controls (South Africa which calls it exchange control), I like this product)