Less important with a client, but perhaps a good reason to not invest in a legal entity for making a business around one. Which is sad really.
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Maybe. At least until big institutions adopt nostr for some if not all things.
Will probably still be regulated. Just by the biggest companies instead. Same as with everything else.
Meh. You can't regulate the nostr protocol. If you did, then wouldn't be the very thing that makes nostr rad.