4 ms·
> What if the US passed a law tomorrow that said that financial institutions who traded in crypto in any way lost access to the US financial system? I don't se
by neatze 5y ago
> What if the US passed a law tomorrow that said that financial institutions who traded in crypto in any way lost access to the US financial system?
I don't see how such law can be enforced legally in not communist government.
- evgen 5y agoTry conducting a financial transaction from the US with an entity in Iran or North Korea and get back to us about how it is impossible for the US government to enforce such a law. Now try to do it from some other country whose banks engage with US financial networks like Swift and tell us how the reach of the US government stops at their own financial borders.
- neatze 5y agoThe sanction on North Korea and Iran where not applied retroactively, eg. US did not say before sanctions where applied that; all business who wired money yesterday to Iran broke the law, this would be illegal law.