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I think these proposals are mostly good and practical. I see two issues though: * first, we've seen resistance from BOTH sides to sensible proposals in the pa
by LatteLazy 4y ago
I think these proposals are mostly good and practical. I see two issues though:
* first, we've seen resistance from BOTH sides to sensible proposals in the past. Some because they thing Crypto should be totally unregulated (purists) and others because they want crypto shut down completely and any reasonable (even enabling) regulation makes that less likely
* second, there are still some core issues here. For instance, a major up side of crypto is the ability to evade regulation like sanctions. On a case by case basis this is sometimes good (helping Venezuelans access desperately needed international help) or bad (helping corruption or ransomware). This line:
>Establish a blacklist capability to meet sanctions requirements
hides within it a very large technical and social problem depending on exactly how it is implemented. And should that be different between stable coins (where the requirement is listed) and other coins?