Summary
TLDR: A deputy treasurer was questioned about validators in Iran potentially making money, but validators don’t actually receive cash and could be located anywhere in the world in a decentralized system. Validators are typically paid in the native asset of the network, such as Bitcoin or Ethereum, which would need to go through compliant exchanges for conversion.
Key Points
1. Validators in a decentralized distributed ledger system can be located anywhere in the world, including Iran, but they do not receive cash as payment.
2. Validators may be compensated with the native asset of the network, such as Bitcoin or Ethereum, but they would need to use exchanges as off-ramps to convert these assets into cash.
3. Exchanges already comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations to ensure the legitimacy of transactions involving cryptocurrencies.