It's the same as any other custodial Bitcoin service (there are thousands out there) plus incredible privacy.

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Yeah but there’s the added factor of being an “issuer” of the ecash tokens, which makes me think there would be different laws than there are for just a custodial service.

You may be right. I’m just curious, going to do some research on it at some point soon.

I'd be glad if you could keep me up to date with what you find!

I definitely will! If I find anything substantial I plan on having a write up done by the end of may.