I am teaching them that it's not held via a private key - illegal bank account.. explain that to me?
Primal is required to obtain specific licenses and conduct AML processes to provide custodial accounts and payment processing.
I do not know if any way to frame it as legal. Maybe SA doesnt care about this, but it still means that a kyc rug pull, or shutdown of service, is inevitable.
fair enough.. ill keep an eye out but until then - it is a cool way to introduce people into BTC. Lightning in South Africa is huge.. you can live on BTC easily in here in a very under the radar way which is great..
