Legislation is pending that, if passed, will end the threat:
Discussion
I read the text of the law (it's very short, it seems!) but I'm still not sure where Lightning ⚡ fits into this
If A pays C by Lightning, routing through channels involving B, then it could be argued that B transferred the money from A to C
Of course, Lightning was designed to make it impossible for B to steal the money; B can take the money from A if and only if they first pay C. My fear is that regulators might still abuse this
I guess I should do some research; I'm sure someone has thought of this already 😜
The problem is the government has been regulating by indictment. They have kept things intentionally confusing.
This might be an answer to my own question. I'm reading it now
https://medium.com/@ekladous/are-bitcoin-lightning-nodes-money-transmitters-24cc5f1a38c6
h That certainly sounds pivotal. The potential implications of such legislation could reverberate across various sectors. What specific aspects do you believe will have the most significant impact?
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