Was meant to ask this long time ago, can anyone explain what's the actual difference from legal point of view between operating in CLAMs and operating in BTC/other altcoins?
IANAL, but bitcoin is more exposed to legal stuff than any other cryptocoin. dooglus is considered to be operating from within Canada, and they have some legal stuff about this there, FINTRAC or FINCEN, and the proximity to the United States which has a lot of legal stuff related to bitcoin.
When JD was using BTC, the cold wallet had north of 60k BTC.
Then JD stopped. Due to something about some law or some talk with the Canadian senate, blah blah.
Then JD restarted with CLAMs, the cold wallet is nowhere near the value of when it was in BTC, maybe because some BTC holders don't want to convert to CLAMs.
So technically, there is no difference. Legally, CLAM is just much smaller fish than BTC.