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At Consensus, New York, the two crypto thought leaders got down to the brass tacks of what they believe the state of Ethereum dApps will be by May 2023, each wagering huge amounts of Ether and bitcoin on daily and monthly average user rates.
In a newly published guidance sheet, the Financial Crimes Enforcement Network outlines the ways in which a dApp may qualify as a money transmitter, meaning the service will have to obtain a license for the state (or states) it operates in and follow federal anti-money laundering and know-your-customer procedures.
Back on September 6, FOAM launched its decentralized consensus-driven global map application, which is now available to a limited audience on the Ethereum mainnet. But there’s been a lingering question since it went live: What’s in it for users?