CD99: Paxful Shuts Down with Ray Youssef
Citadel Dispatch
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The Importance of Compliance
Pax will had one fourth of its team with its compliance out of 400 people. We spent $6 million in compliance fees to process all of that paperwork, he says. Pax shut down because they're a finished company that were doing business with Iran. They ran a for lean operation in the media and did half our volume,. So you can guess what their profit margins were. The writing was on the wall. It's kind of like the Matrix, right? Yeah. Talk to these people. And we've been as compliant or more compliant with Coinbase.
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