> The incoming sanctions will reportedly single out specific traders and exchanges instead of casting a wide net and attempting to disrupt the entire crypto ecosystem.
I wonder how they will implement that, it sounds like a disaster waiting to happen.
Agreed. While the rest of the world moves toward modernizing and exploring crypto currencies the US seems to be regressing as fast and recklessly as possible.
1. Make it illegal for a US company to pay a cypto ransom.
2. Make US crypto exchanges report possible crypto ransom payments as Suspicious Activities to FinCEN.
3. Make it illegal for a US company to perform a wallet-to-wallet crypto transaction instead of using a US crypto exchange.
4. Make it illegal for a US company to directly use a foreign crypto exchange.
These commonsense know-your-customer and anti-money laundering measures should have been put in place years ago.
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[ 0.17 ms ] story [ 12.8 ms ] threadI wonder how they will implement that, it sounds like a disaster waiting to happen.
These commonsense know-your-customer and anti-money laundering measures should have been put in place years ago.