well it depends if they are running the node themselves or with a third party. I think it's some guy at an agency, but he could be 'part of' the service. In that case, PnP is licensed. It's a valiant effort.
Government not bothered because tax is already include in the final price of goods sold, so they are taking their tax on it. Maybe income tax, but that's up to PnP to handle,
oh sorry, nvm, they are well in debt and I think loss making? so that would abscond them from certain taxations lol
shit show fundamentals company run into the ground by useless c-suite. I prefer shoprite holdings, but the whole retail space is mafioso
Either way, the LN node op is a money transmitter. When enforcement kicks in, the first thing that will happen is that Lightning will be 100% custodial.
Not Your Keys, Not Your Coins.
it's an entire side chain though, so idk about custodial -
Lightning? It's 99% custodial.
the sats never touch the mainet chain until the channel is closed off.
So you're just carrying the sats around until it closes. I still wonder if it's a 1:1 in out or if there's more sats, or ghost 'sats' in the system.
Still waiting to hear what happens to the sats when a channel is force closed
