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A comment on We’re all criminals now. Parent comment

Re:We’re all criminals now by JumpCrisscross on Thursday July 08, 2021 @12:13PM (#27773970)
> can compel the bank directly, no one can "force" the blockchain do to anything that's not programmed to do

This doesn't work with banks outside a court's jurisdiction. That doesn't stop enforcement.

We already have tools that informally designate tainted versus untainted wallets. Incorporating that into the law wouldn't be that difficult nor, I suspect, controversial.

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Re:We’re all criminals now by DistantCl3ric on Thursday July 08, 2021 @12:20PM (#27774133)
This is the issue though. Reserve banks doesnt want money flowing out of SA to any organisation it cannot compel.

Enter the exchange control laws from the 60s that still limit capital flow out of SA.

1m ZAR per annum per person(~70k USD) this includes things like Netflix subscriptions, Amazon orders etc.

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Re:We’re all criminals now by da_big_ghey on Thursday July 08, 2021 @12:37PM (#27774412)
but did stop enforcement... swiss banks were for many years never disclosing and it had stopped enforcement in many case... this only has been changed in recent years... birkenfeld disclosures led to no more american clients out of american regulation, swiss signing FACTA, similar thing.
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Re:We’re all criminals now by JumpCrisscross on Thursday July 08, 2021 @12:50PM (#27774611)
> did stop enforcement... swiss banks were for many years never disclosing

As you say, there was a delay, not a stoppage.

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Re:We’re all criminals now by da_big_ghey on Thursday July 08, 2021 @12:55PM (#27774697)
no, stoppage for many century until policy change. policy remain a stoppage, just it has removed.
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