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RE: HBD Partial Insurance with BTC - Proposal to Print 1M USD of Hive

in LeoFinance2 years ago

This would be very difficult from a technology and trust perspective to manage.

Someone would also likely end up with the tax and regulation burden due to the need for centralized exchanges.

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Someone from "The Bahamas"?

I would not trust a single person in Bahamas to custody 1M in bitcoin.

also from law points. It could be interpreted as a financial service/ custodial service. In worst cast money laundering if buy the wrong coins to wrong time?

Neutral holding + neutral rules must be in place ( code).