>Given that it also has legitimate uses, You're not addressing the point about "... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

SideQuark on Sept 12, 2022 | parent | context | favorite | on: Investors sue Treasury Department for blacklisting...

>Given that it also has legitimate uses,

You're not addressing the point about "(a)(1)(B)(ii), which concerns reporting requirements".

If they cannot meet US law for reporting requirements, then they are breaking the law, right?

downandout on Sept 12, 2022 [–]

No, they are not. They aren’t actively participating in the transactions, and thus have no reporting requirement. Users are not allowed to structure transactions, as it is illegal for them to do so.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact