Oddbean new post about | logout
 Published my take here. We are fighting hard. I think this is a sign of bad things to come from govt. they have been saying it  for years. They don’t like “unhosted” wallets and they want to monitor every tx. Now they are using fake news to make it real at the banking layer. https://x.com/skwp/status/1723444038932582414?s=46&t=0SvIPQLG1ahvJgMsn53NMA 
 "
We must continue to educate clients on other options for Bitcoin purchasing, including peer-to-peer options. That said, many clients looking to achieve sizable positions in Bitcoin will not be able to get to size using peer-to-peer exchanges. We must recognize that peer-to-peer exchanges are already regulated by FinCEN, just with very light enforcement. While we recommend Bisq (https://swanbitcoin.com/choose-bitcoin/) as a peer-to-peer option, we expect some headwinds here, especially if FinCEN starts pressing on sellers to enforce the same requirements as banks, as it has been since 2019."

Bisq allows you to sell USD paper money for botcoin over the mail.

Sell that stuff. It's the currency used for more crimes than anything else.

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 Thanks for the answer, @skwp! I fear this will eat up valuable resources, not just for Swan but across the whole industry, which could rather be used elsewhere and more productively. Keep on building!