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by brighton36 4019 days ago
Programming applications on incumbent financial systems requires : bonding, licensing, regulatory certifications, insurance, etc. That's the permission being referenced.
1 comments

Except that you need to do the same things for Bitcoin-based businesses as well, as I indicated in my other comment.

If you're trying to say that you'll simply break the law, you are also able to do so with fiat cash flows (just ask the cartels).

You absolutely do not need to do the same things for Bitcoin. The companies that work in the Bitcoin space which require this regulation, require it due to their handling of fiat.