Agreed. That way it's much more trustless, and it also fragments the liquidity less. Seems to have been working well for the Chinese gateways with bitCNY. If you can manage enough bitAUD liquidity for your market and just take a fee for your services that seems ideal.
RE: Starting a BitShares Gateway
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Starting a BitShares Gateway
bitAUD would be ideal, but it's sailing close to the wind in terms of needing a licence from ASIC. /it doesn't help that the BitShares documentation uses the word 'derivative'.
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