I am not disputing that there are new laws which may effect this project. What I am saying is that even under the regulatory regime of say five years ago, the aims of this project would still have been in conflict with many laws and regulations.
To give a specific example, Regulation EU 2015/847 has the stated aim of “ensuring that basic information on the origator and the beneficiary of wire transfers is immediately available”. The definition wire transfer was then extended to include crypto asset providers, which include companies which “make arrangements to exchange one cryptoasset for another”. Exchanging Maid for SNT would meet that definition in my opinion.
So that is not a new law, and it doesn’t place the regulatory burden on individuals. It wouldn’t be sufficient for individuals to have the ability to disclose this “basic information”, the burden is on the “crpto asset provider”, ie Maidsafe.
The point I am making is that this law, and many other laws, have existed for many years in direct conflict with the values on this project.
Whether there’s a plethora of new laws, a coterie, or even just “pure hunners” of them, the fact remains that the regulatory regimes of the EU, the US, and the UK have not been in sync with the values of this project for at least 5 years, if not 10 or longer.
It is baffling to me that Maidsafe staff would ever have believed that they could launch this project in compliance with these regimes. These types of laws and regulations are the very reason this network is required in the first place!