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Unless these wallets have their private keys exclusively held by firm(s) that answer to Canadian law, sanctioning a few dozen crypto wallets is about the only t
by nisegami 5y ago
Unless these wallets have their private keys exclusively held by firm(s) that answer to Canadian law, sanctioning a few dozen crypto wallets is about the only thing less effective than thoughts and prayers.
- m348e912 5y agoIt means that the truckers could have a hard time "cashing out the crypto" using popular offramp exchanges because their wallets will be blacklisted. The fact that the truckers have allowed Canadian government to figure out what wallet addresses are being used is the real problem here. Don't create one wallet to receive multiple donations and make it public for everyone to see.
- rosndo 5y agoIf you think big international exchanges aren’t going to care about Canadian sanctions you’re very confused. Or banks just about anywhere. What are you gonna tell the risk management people? “Oh yeah. We’ve been sanctioned, but it’s just Canada so NABD” I just can’t even begin to imagine the train of thought here.
- LatteLazy 5y agoThat assumes: * The wallet owners are smart enough not to have linked their IDs to their wallets (eg used the same wallet with a traceable transaction). * That wallets owners don't try to use public/centralized exchanges to cash out * That they are smart enough to use a laundry to actually fix the problem.