Mon Nov 21, 2022 1:59 pm
Traditional money regulation authorities have an open space where people are able to use their funds in any way they want but if they go out of the norm they can be tracked and caught by the authorities. Cryptocurrency due to this had the negative connotation to be able to be used by criminals and such for their purposes without being able to be tracked. FTX CEO Sam, talked about implementing blocklists – aka a roster of wallet addresses banned from interacting with a blockchain because they’re suspected of being used for nefarious purposes – and, relatedly, respecting the U.S. Office of Foreign Assets Control’s (OFAC) sanctions lists by maintaining the cryptocurrencies. Should Crypto be censorship-resistant and totally private or should be some level of regulation to protect the users?
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