Founders

Feels like a lot of startups are being built on AA and MPC tech assuming that they will be treated as Non-Custodial wallets just like mnemonic wallets


Are their any no action letters or guidance that says this is true? 

If so, awesome

If not, lots of companies are squarely in the flow of funds

I’ve been wondering this a lot too. In 2019 I started a company where we built a similar experience but we were told by many lawyers that we would be considered custodial and would need a money transmitter license. 🤷

Writer. Building @pinatacloud. Working on simple static site hosting https://orbiter.host \ https://polluterofminds.com

Yeah sometimes it’s safer to run in a herd 

2019 was a lifetime ago lol