Comment by andylynch
18 hours ago
This is a proposal to operate a regulated payments processor, supervised by BaFin. All the usual, necessary regulations and consumer protections will apply under German law.
18 hours ago
This is a proposal to operate a regulated payments processor, supervised by BaFin. All the usual, necessary regulations and consumer protections will apply under German law.
The announcement claims a "privacy-preserving [...] payment system". Are you saying this would come in conflict with German law?
Taler is privacy-preserving for the payer, but not for the payee. This solves many legal issues such as tax evasion and money laundering.
I think it is the European sense of privacy where the government is implicitly inside everyone's trust circle.
no
it's a practical doable improvement to the existing system in the existing legal framework
the outcome might be similar but there is a big difference in intend and framing there
I think Taler is designed to be privacy-preserving while being able to comply with national laws. So not the currency you're looking for if you wanna buy something illegal.
Nor something that you want to remain private.
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