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Some exchanges have been known to blacklist addresses, because they might have to follow certain AML/ATF orders. That's also why they don't accept completely an
by Geee 5y ago
Some exchanges have been known to blacklist addresses, because they might have to follow certain AML/ATF orders. That's also why they don't accept completely anonymous cryptocurrencies like Monero at all.
Legitimate merchants and users in bitcoin ecosystem should push back against overreaching censorship, and treat bitcoins as fungible commodity. Merchants and users shouldn't start censoring transactions themselves. If there's a problem at an exchange, it should be boycotted and forced out of business.
Also, if you're using Bitcoin with Lightning Network only, it's not possible to become associated with blacklisted addresses.
- ajkdhcb2 5y ago>Also, if you're using Bitcoin with Lightning Network only, it's not possible to become associated with blacklisted addresses. This is not true, there are many ways to gain information on those transactions. > Some exchanges have been known to blacklist addresses, because they might have to follow certain AML/ATF orders. That's also why they don't accept completely anonymous cryptocurrencies like Monero at all. It is necessary to react when you receive funds linked to illegal activity. Pretending that BTC is fungible when it is not can't change that. Accepting fungible goods like monero, cash, gold is generally legal though. So exchanges like Kraken do trade Monero but still do their due diligence on BTC transactions