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To me the most outstanding question is: are these bitcoin clean? Does a random country’s random procedural gracing make the crypto magically clean again? It w
by vmception 5y ago
To me the most outstanding question is: are these bitcoin clean?
Does a random country’s random procedural gracing make the crypto magically clean again?
It was seized, and now its not! So the crypto is clean now! It doesn't matter if you respect that country! Or even that a municipalities civil asset forfeiture process!
To me this has been a big hole in Elliptic and Chainanalysis’ business, along with other merchants and exchanges that try to trace crypto origins to determine if the account should be frozen or not.
I’m open to opinions on this, but my current thought is that attempting any crypto AML/KYC is a joke, but its great snake oil to sell to exchanges and government agencies. I think crypto accelerates and illuminates the folly of transaction whitelisting/blacklisting.