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Crypto absolutely can still do that. There's nothing in the Bitcoin protocol itself that enforces KYC, so you can send whatever you want to whoever you want us
by CydeWeys 3y ago
Crypto absolutely can still do that. There's nothing in the Bitcoin protocol itself that enforces KYC, so you can send whatever you want to whoever you want using a basic Bitcoin client. Meanwhile, good luck sending a wire from your bank account to Iran. That will flat out be prevented. But with crypto, you take all the burden/consequences of the KYC on yourself, and the algorithm itself disallows no transactions.