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How do you ban bitcoin? It’s not hosted or supported by American financial rails or any entity like swift which can be influenced by the USA in any meaningful way.
Earlier quoted context omitted.
How do you ban this? It’s not part of swift or any us govt. backed global financial rails. If Iran(a sanctioned entity) supports this then this is more proof that the thing works.
> How do you ban this? In America? KYC would suffice.
Bitcoin does make the transaction publicly traceable. Either they have not realised that, seems unlikely, or they prefer it that way.
Earlier quoted context omitted.
How do you ban this? It’s not part of swift or any us govt. backed global financial rails. If Iran(a sanctioned entity) supports this then this is more proof that the thing works.
I’m not gonna comment on if it’s a good idea or not, but the US government could make it illegal for any financial institution that does business in America interacting with crypto. They could also make it illegal for any US financial institution to do business with any financial institution that interacts with crypto. They could probably also make it a crime to buy/sell crypto in America.
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How do you ban this? It’s not part of swift or any us govt. backed global financial rails. If Iran(a sanctioned entity) supports this then this is more proof that the thing works.
Bitcoin does make the transaction publicly traceable. Either they have not realised that, seems unlikely, or they prefer it that way.
Bitcoin does make the transaction publicly traceable. Either they have not realised that, seems unlikely, or they prefer it that way.
It's not about traceability, it's about not having to use the dollar as currency.
Bitcoin does make the transaction publicly traceable. Either they have not realised that, seems unlikely, or they prefer it that way.
It's not about traceability, it's about not having to use the dollar as currency.
I have read many comments that the regime wants to money launder the inflow. Bitcoin would be rather inconvenient for that.
The baffling part of this is that nearly everyone was aware that Iran could close the straight if pressed hard enough. The fact that this outcome is surprising represents a very loud and public failure on the administration's part.