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Remember the crypto rallying call “Be your own bank”?

Well, this is what it actually means: you’re on the hook for enforcing sanctions and all kinds of shit that banks do.

Are you on the hook for when you sell your couch on craigslist for dollars? If not, why not?

What do you mean on the hook for what? You're supposed to include that in your EOY taxes and AFAIK you're also not allowed to sell to sanctioned entities. No one will care in all likelihood but you're still not supposed to.

So you need to do a background check on anyone you sell to, so you don't give money to sanctioned entities?

Reply on news.ycombinator.com