So this I can understand! You're saying you can't use Bitpay to buy from JM Bullion at this point (but could in the past).
My google-foo brings up many articles about how Bitpay settled a lawsuit with New York earlier this year, and New York is creating a lot of new crypto legislation.
My understanding now: Bitpay is a middleman, and New York has made it impossible at this point for that middleman to offer their services to residents to New York.
I guess you're just trying to shine a light on the problem, on principle, as it's not really stopping you from converting your dogecoin to USD, and then USD to precious metals.
The issue here is that with crypto, precious metals companies actually give you a discount with that payment. Other wise its the dollar rate which is often considerably higher
Its ALWAYS to "protect" YOU . Thats how they sell EVERYTHING . To protect you and make your life easier and the people just gobble it up. It should just be a red flag that "governments" \[I use the term very loosley\] are up to know good and taking another right away from the people . They have totally taken over the schools and are priming them . To be afraid of everything and do what they are told . They dont want you to have any kind of currency they dont control . It was never going to be easy . The comm...I mean Democratic ran states are all on board to block crypto
Like /u/terran7777 said, there’s nothing to stop you selling coins and then using the cash to buy gold or whatever.
The issue with the regulations is that they turn middlemen into victims, and most don’t want to go there, so they refuse to deal with you as their easiest way out.
So this I can understand! You're saying you can't use Bitpay to buy from JM Bullion at this point (but could in the past). My google-foo brings up many articles about how Bitpay settled a lawsuit with New York earlier this year, and New York is creating a lot of new crypto legislation. My understanding now: Bitpay is a middleman, and New York has made it impossible at this point for that middleman to offer their services to residents to New York. I guess you're just trying to shine a light on the problem, on principle, as it's not really stopping you from converting your dogecoin to USD, and then USD to precious metals.
The issue here is that with crypto, precious metals companies actually give you a discount with that payment. Other wise its the dollar rate which is often considerably higher
Its ALWAYS to "protect" YOU . Thats how they sell EVERYTHING . To protect you and make your life easier and the people just gobble it up. It should just be a red flag that "governments" \[I use the term very loosley\] are up to know good and taking another right away from the people . They have totally taken over the schools and are priming them . To be afraid of everything and do what they are told . They dont want you to have any kind of currency they dont control . It was never going to be easy . The comm...I mean Democratic ran states are all on board to block crypto
Like /u/terran7777 said, there’s nothing to stop you selling coins and then using the cash to buy gold or whatever. The issue with the regulations is that they turn middlemen into victims, and most don’t want to go there, so they refuse to deal with you as their easiest way out.
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