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The risk isn’t just to the person holding the wallet: it’s the risk of OFAC sanctions hitting the exchanges that takes dirty BTC and pays USD. So now, know you
by owenmarshall 5y ago
The risk isn’t just to the person holding the wallet: it’s the risk of OFAC sanctions hitting the exchanges that takes dirty BTC and pays USD.
So now, know your customer turns from “be sure I don’t send USD to a specially designated national” to “be sure I never accept crypto from a burnt wallet.”
- mullingitover 5y agoExcept you can't choose whether you accept or not - the transactions sending BTC into your wallet are not at your discretion, you can't 'reject' them.