Interesting article released today regarding new regulations from FinCen.
Has anybody been thinking about how these new regulations for MSBs (i.e. ILP Connectors) will impact that future development of the network? I feel like with these new regulations we can expect KYC on ILP connectors and even tax collecting to occur.
I’m curious if anybody has thought about the potential implications of such regulations and how to go about dealing with them. Abviously this will also impact other projects like lightning nodes for example so we’re definitley not the only group that will be dealing with this.