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Sure, but how would they know or enforce it? Creating a new address is free and can be anonymous. It does not have to be btc either. >The latest action reinfor
by sarcasmatwork 7y ago
Sure, but how would they know or enforce it? Creating a new address is free and can be anonymous. It does not have to be btc either.
>The latest action reinforces how serious US officials are about cracking down on the use of cryptocurrency for money laundering
How is that working out? They cant stop this from happening to the US dollar, how the heck do they think they will accomplish this with crypto?
- prepend 7y agoI don’t think it’s foolproof as this is a US agency. But I think it means that any reputable exchanges won’t be able to ever accept a transaction from any wallet that has ever touched these blacklisted wallets. So even 10,000 transactions downstream exchanges won’t be able to receive any funds. It’s kind of like if a stolen dollar bill was marked forever. Any bank would not be able to accept that dollar. And this agency will investigate anyone holding that dollar.
- chillacy 7y agoSince every transaction is public you can trace the flow of funds like a graph traversal.
- deleted 7y ago[deleted]