I will not be sinking another dollar or satoshi into . I’ve always defended them but not anymore.
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Which exchange is worthy of our business and respect?
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Kraken doesn't serve Washington state.
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Anyone know why Kraken doesn't comply with Washington state regulations?
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I've seen that, but it's not really an answer. Unless they name specific laws and explain why they pose an unreasonable burden, I can't really talk to my legislators about it. Without more explanation, Kraken comes off as dodgy for wanting to avoid regulation.
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Without more information, it's hard to know whether Washington's regulations are truly burdensome or whether they are just more protective of consumers by eliminating shady practices.
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For example, Wyoming just made rehypothecation a felony. If exchanges start bailing out of Wyoming, saying "it's a burden", one would be wise not to use those exchanges in any state. Regulation compliance in states ahead of the tech curve may be indicators of company viability.
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I would agree about WY. So, hopefully everyone in WA sets up an LLC in WY and trades through that for protection.