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> The incoming sanctions will reportedly single out specific traders and exchanges instead of casting a wide net and attempting to disrupt the entire crypto eco
by rastafang 5y ago
> The incoming sanctions will reportedly single out specific traders and exchanges instead of casting a wide net and attempting to disrupt the entire crypto ecosystem.
I wonder how they will implement that, it sounds like a disaster waiting to happen.
- jc01480 5y agoAgreed. While the rest of the world moves toward modernizing and exploring crypto currencies the US seems to be regressing as fast and recklessly as possible.
- SlipperySlope 5y ago1. Make it illegal for a US company to pay a cypto ransom. 2. Make US crypto exchanges report possible crypto ransom payments as Suspicious Activities to FinCEN. 3. Make it illegal for a US company to perform a wallet-to-wallet crypto transaction instead of using a US crypto exchange. 4. Make it illegal for a US company to directly use a foreign crypto exchange. These commonsense know-your-customer and anti-money laundering measures should have been put in place years ago.