How do you think Bitshares is on legal compliance with money transmitter and KYC laws, as well as securities laws?
RE: While The Entire World Watches EOS, The "Other" Larimer Is Changing The Blockchain World!!!!
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While The Entire World Watches EOS, The "Other" Larimer Is Changing The Blockchain World!!!!
They dont have any of that. A Bitshares account requires no personal information. They are completely decentralized.
OpenLedger is on the on ramp for fiat which falls under the regulations you mentioned.
Even the website is run out of Taiwan where regulation is much less.
This is one of the reasons for the BENCH project...there is no way institutions will ever get involved with BTS as long as it adheres to the founding principles which are anti-establishment.
BENCH will provide for the option for having those entities which require compliance like Wall Street institutions.
Effectively, the goal is Bitshares will offer something for both markets...
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If Bitshares goes down for legal reason, will BENCH still be viable?
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