Compliance Quick Tip for #Bitcoin Merchants: If you are a small business accepting sats directly (e.g., via BTCPay Server) and self-custodying, your AML/KYC requirements are dramatically lower than a traditional PSP (Payment Service Provider). The rule of thumb: If you never hold customer funds, you are likely not a Money Transmitter. Focus on transaction monitoring for suspicious activity, not customer onboarding. Ask me your setup-specific question in the replies! #LightningNetwork #BizOnBitcoin
Pierre Simon
💼 Founder & CEO Simon Consulting & Simon Academy 🏛️ Interim FinTech Executive ⚽ Dad & Football Coach Entrepreneur since 2010. Helping small businesses and startups transition seamlessly from legacy payment friction to sovereign Bitcoin rails—profitably and legally. Documenting real-world insights, regulatory survival, and daily life from the sidelines. 🛡️ Regulatory Strategy | ⚡ Lightning | 🔄 Circular Economy
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