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> Then the US government smash down your door and throw you in federal prison because you're actively working to help North Korea. Not a real issue because tra
by olalonde 4y ago
> Then the US government smash down your door and throw you in federal prison because you're actively working to help North Korea.
Not a real issue because transactions are not associated with IPs. There's basically no way to know the country of a sender or recipient. Also, it was ruled that virtual currency miners are not subject to AML regulations[0].
[0] https://www.fincen.gov/sites/default/files/news_release/20140130.pdf https://www.fincen.gov/sites/default/files/news_release/2014...
- webinvest 4y agoNot related to miners but to the best of my knowledge, every transaction is broadcasted to the network from an IP address. Therefore the IP can be traced back or hidden with TOR or proxies. Receiving cryptocurrency is by default anonymous because it requires no public action on the part of the receiver. Except, checking a transaction tx or wallet balance on blockchain.info could flag the IP checking that balance.
- olalonde 4y ago> Not related to miners but to the best of my knowledge, every transaction is broadcasted to the network from an IP address. Right, but even if you banned North Korea IPs, you'd still get their transactions through the transaction relay mechanism (other peers outside North Korea relaying their transactions).