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I work at a distributed exchange and we have a blacklist. if funds are sent in from an address that's blacklisted we hold it and don't send them the other half.
by Osiris 6y ago
I work at a distributed exchange and we have a blacklist. if funds are sent in from an address that's blacklisted we hold it and don't send them the other half. I don't know what the business does with those coins after that but there is a compliance team so I assume it's properly handled.
- cyberpunk 6y agoWhat stops them from just sending it to an intermediate address first?
- pfundstein 6y agoNothing, and I'm curious about how any source addresses are traced backwards before permitting a transaction.
- londons_explore 6y agoThe mere fact a distributed exchange has a central compliance team tells me it isn't very distributed...
- Osiris 6y agoSorry that should have been "non-custodial" not distributed.
- byteshock 6y agoWhats the point of a distributed exchange if you can just deny any exchanges at will? Doesn’t that defeat the core idea of an distributed exchange?