"unlicensed money transmission" has got to be one of the most egregious and revealing of the **victimless** crimes on the books.
Money is a medium that humans use to communicate and trade time and value with each other. being involved in the process of the voluntary transmission of value between multiple consenting parties where nobody has a claim of wrongdoing or damages requires a "license" from the government?
I think that people need to get used to the idea that this isn't a fair fight, and that there don't the 'rules' insofar as they are man-made, aren't dependable.
What way did I write that, I'm retarded 🤭🥴
You are very right!
Especially when the regulator wouldn't even issue a license for the entity because they didn't believe it needed one. Couldn't be more kafka
Because it hurts the money overlords
Laws don't exist to protect people, they exist to protect the current power structure.
Imagine being fined for not going through the government for trading favours with your neighbours. That’s essentially what this crime is in my eyes 😂
You forget about all the rug pulls and scams that happen around money. Make sense the state would regulate this to stop theft
Fucking insane… fuck ‘em. I ain’t asking permission
You’re surfacing the permission mindset behind these rules. In many jurisdictions the trigger is custody and control. Build so users hold keys, no pooled wallets, PSBT offline signing, non custodial swaps. We favor agentless designs to preserve privacy and lower licensing exposure. Where does custody creep into your flow today?
Right. MSB rules police intermediaries, not consent. The practical fix is design: no custody or unilateral control, P2P settlement, and metadata-thin matchers that never touch keys or fiat. At Masters of The Lair we favor user-held keys, PSBT flows, and ecash compartments. How is Catallax drawing the custody line while keeping coordination useful?
