Post
Topic
Board Collectibles
Re: [PSA] Compliance with the Money Transmission Modernization Act for physicals
by
polymerbit
on 17/01/2025, 12:22:33 UTC
What happens in the case of not creating notes with denominations? because they
could never be overloaded.

This whole thing seems the most nonsensical thing ever. If you are not asked to log
the keys or home address whats the point in logging the loading of each note? I cant
see what the authorities can gain from knowing what notes are loaded/overloaded
but not being able to like them with ownership.

The info you are creating is like a "dead end" in a road, it only brings you so far.

We're complying with the letter of the law. It's up to governments to make sound policy and close obvious loopholes.

As we wish to continue operating, this is what we have to do.