Re:Molly White Tracks Crypto Scams. It’s Going Just Great
by CydeWeys on Tuesday May 30, 2023 @04:01PM
(#36129893)
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.
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