Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I'm not the poster, but I also work for a regulated industry, and I have to comply with those regulations, which I certainly don't agree with (and even campaigned against). I also guess that Smirnoff didn't mean it that way either.

So, it's probably not Western Union who's to blame when sending money to Mohammed (or José Rodriguez which is an extremely common name here) is a big hassle for all parties involved, it's the regulators. The only thing WU can be blamed for is for working within the rules. It's not bigotry by WU.

As he said, if services start providing money transfers (using Bitcoin or whatever) without complying with regulations, they'll probably will have to be based somewhere outside the US's influence, and will eventually be blocked and impeded in the US (see: online poker, only worse)



Consider applying for YC's Summer 2026 batch! Applications are open till May 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: