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> There is no mechanism in crypto to reject incoming funds Couldn't the same be said of a regular bank account? This doesn't seem to be unique to crypto. Targ
by nerdawson 4y ago
> There is no mechanism in crypto to reject incoming funds
Couldn't the same be said of a regular bank account? This doesn't seem to be unique to crypto.
Targeting the most prominent wallets may garner a bit more attention but the end result seems the same. A large number of individuals can have tainted funds deposited in their accounts creating a logistical nightmare.
- jo6gwb 4y agoYour bank has the ability to reject the funds (and some banks will allow you to broadly control deposits with a credit block). Before posting funds to your account, a bank will scan the funds transfer against sanctions lists and only allow the deposit if there is no hit.
- nerdawson 4y agoYou don’t think someone on a sanctions list attempting to transfer funds to an account holder is going to cause them a problem, regardless of whether it’s blocked?