this post was submitted on 25 Apr 2024
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Monero, XMR, crypto, cryptocurrency

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[–] [email protected] 0 points 6 months ago

Mining isn't a transmission service. All mining does is validates a transmission that already happened. If validation equals doing, then you could send all auditors and detectives and judges to jail for the crimes they investigate and convict.

[–] [email protected] 0 points 6 months ago (2 children)

Every miner is a crypto transmitting service.

I've been under the impression that if something doesn't deal in fiat they're not aoney transmitter. I'm also under no delusions that they'll not try to classify crypto moving as money transmission. Of course they will. The question is, will the people who will inevitably go to court over this be prepared to argue this effectively?

[–] [email protected] 0 points 6 months ago* (last edited 6 months ago)

Let's not forget they have no authority to interfere with money transmission to begin with. We are dealing with psychopathic criminals.

We have allowed them peruse persons involved in crimes where a victim can be identified, they have taken this authority to persecute anyone they please based on parasite banker decrees.

[–] [email protected] 0 points 6 months ago

You need to pay taxes on the sale of this "property". You are transmitting "money" you need a licence.

The state is made up of a bunch of criminal hypocrites who's job is to squeeze as much wealth as possible from the population and hand it over to the ruling class.

[–] [email protected] 0 points 6 months ago

Well, of course they don't want you using services that don't collect KYC information. Duh!