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As bitcoin is quite traceable I don't see how this works if you're trying to avoid sanctions. For Iran it probably doesn't matter but for the vessel owners it p
by deltoidmaximus 6mo ago
As bitcoin is quite traceable I don't see how this works if you're trying to avoid sanctions. For Iran it probably doesn't matter but for the vessel owners it probably does.
- tomasphan 6mo agoBusiness idea - Iran Bitcoin fee intermediary. Realistically the CIA will handle this for US companies and maybe allies until they figure something out.
- CapricornNoble 6mo agoDidn't Tornado Cash get un-sanctioned recently? Can't you just use that?
- iugtmkbdfil834 6mo agoYes, from sanctions perspective, the vessel owners seem to have more exposure than Iran -- as crazy as it sounds on the surface.
- palata 6mo agoAgreed, but I wonder it if matters in practice. It's not like one can boycott bitcoins by serial number or something, is it?
- polivier 6mo agoKind of: https://bitcoin.stackexchange.com/questions/7966/what-are-tainted-coins-exactly https://bitcoin.stackexchange.com/questions/7966/what-are-ta...
- deleted 6mo ago[deleted]
- insane_dreamer 6mo agothe issue is the US' ability to freeze USD bank accounts on its soil or pressuring other banks to do the same
- dist-epoch 6mo agoOne of Iran's demand for a peace agreement is the removal of all sanctions.
- prmoustache 6mo agoAren't there any chinese or russian bitcoin exchange services?
- derangedHorse 6mo agoNot over lightning. Even on-chain, trustless coin swaps (or cross-chain swaps) can be made with different counterparties all over the world where transaction details are all held off-chain (pay in ethereum and receive on bitcoin for example).