--- There are banking laws all over the world that need to be considered and followed, the US in particular has a set of banking laws that differ in each state unless you are an actual bank that follows federal regulations.
Ignoring or being purposefully ignorant of the laws is a bad path.
Now, when it comes to facilitating money transfers, or facilitating forex. Yeah, this they’d need to look into. But the idea seems to be that they’re a P2P marketplace bringing individual sellers and buyers together, but not really touching any of that money themselves.
Sort of like, is Uber a taxi firm? Different jurisdictions see this differently.
If you are facilitating the movement of money you are still governed by financial regulations.
Regulators aren't stupid. Trying to be clever will not get you anywhere.
In a very simplified example, accountants have to follow the same tax laws for their clients. Some firms cost _significantly_ more than others because they have an army of lawyers who find legal loopholes that can reduce the tax bill.
Karsa will likely use their YC cash to fund these lawyers in different countries when issues arise. They might decide to stop fighting and close business in that country.