Quote from: NotATether on Today at 03:31:12 PM

....And if you happen to be the operator of an online wallet, for god's sake, please take it down and spare yourself of the legal trouble.

This post has not been triggered by any one news event. But regrettably, we have now reached the point where any developer of online wallet software is now potentially seen as a facilitator of crime if their open-source and non-custodial software gets too big and is too easily accessible.

They seem smart enough to figure out that offline programs that run on your computer are not money-laundering machines, but the same does not go for online sites implementing the same.

So that means, anybody who is hosting an online wallet, an exchange, a coordinator, a mixer, or any other kind of site that lets people deposit and withdraw coins, is now going to be a target of the FBI if they get too big. And there is nothing else you can do about this other than shut down because by design, an online implementation of the above cannot apply for licenses since they are technically not a business, despite judicially being considered as one.

As of now, US crypto policy should be read as: "If you do not have KYC practices, then you are in trouble with us." And banning USA users will not spare you from this.

This is a continuation of o_e_l_e_o's series which can be read here (Part 1) (Part 2) (Part 3) as he is no longer here to continue these threads.

Self-moderated against spam.

If taking down Sir, without the notice to people having one access or the other in the given wallet, will they not be unable to access their coins or access? Will it not be better to preinform those having access in the given wallet before trying to put it or pull it down to avoid global murmuring and FBI intrusion and penalties?