[2018-03-24] OFAC's Bitcoin Blacklist Could Change Crypto

[BitcoinArsenal]

The Office of Foreign Asset Control (OFAC) announced on March 19 that it was considering including digital currency addresses associated with its list of persons and entities with whom U.S. persons and businesses are forbidden to transact business.
Full article on Coindesk

[1715139128]

1715139128

[aso118]

The Office of Foreign Asset Control (OFAC) announced on March 19 that it was considering including digital currency addresses associated with its list of persons and entities with whom U.S. persons and businesses are forbidden to transact business.
Full article on Coindesk

Ha ha. This is rich. OFAC doesn't understand that bitcoins are fungible. They can investigate, arrest and bring to trial those involved in illegal businesses, but they cannot really try to blacklist cryptocurrency addresses. Even if they try to do, there is no way they are going to impose their will on the rest of the world.

[thefaucetrunner]

Who reuses addresses? Of all people who might, do you think people involved in terrorism and "bad things" might go to that extra trouble to avoid reusing addresses? And if one of them does get blacklisted, what is to keep them from generating a new one? What am I missing here? Do they think they would be able to figure out the new addresses based on the pattern of transactions? Their FAQ already has a question for when your address gets wrongly associated with a blacklisted person lol.