Replying to Avatar JeffG

#askNostr

Any European lawyers out there? Can anyone point me to the exact law or regulation in Europe that makes it impossible to run a custodial lightning service as part of an app or for a circular economy?

I'm just trying to go deeper on what the ACTUAL requirements are if you want to be fully legal and run a custodial lightning node with something like LNHub.

Please, no replies just yelling about how the regs are bullshit. I 1000% agree, but that's not what I'm looking for here.
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Ingwie Phoenix (aka. birb) 2y ago

Wait, it's illegal? o.o

I have ran mine mainly through tor because *i can*... Thank you for the pointer.

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El presidente Eloy Musketti 2y ago

Does tor fall under EU jurisdiction? :-)

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Ingwie Phoenix (aka. birb) 2y ago

... I never thought of that. Technically, the node is in the EU, but practically they have no suitable identifier bar my own account of saying that, that it *actually* is.

Food for thought, for sure. o.o

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El presidente Eloy Musketti 2y ago

Virtual machines make jurisdiction hopping much easier

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SovereigntyQuest 2y ago

Not sure of your exact circumstance but if you aren't a "business", providing and potentially seeking regulatory approval to continue operating that business involving "crypto assets", then it doesn't apply.

I would imagine that at some point in the future non-custodial wallets/nodes would come under some attempted scrutiny by the EU if they could.

But.......fuk em 🫡😎