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The Chopping Block: Are VCs Bad for Crypto? - Ep. 481
Unchained
Uniswap and the Bank Secrecy Act
Uniswap is software that lives on the blockchain and therefore, it is basically just code that's standing in between a peer-to-peer transaction. The report stated very clearly, if I just send you money, neither of us are financial institutions, we have no obligations to report anything to the government. If you use a smart contract, then now this is an intermediate activity and therefore, you know, you're potentially under the purview of the Bank of Supersea Act. But of course, smart contracts do everything under the sun. Smart contract could be a multi-sig, it could be just like a literal ERC-20 transfer, like that's a smart contract
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