Bitcoin Expert Eviscerates US Treasury’s ‘Fascist’ Crypto Blacklist
In a discussion about the US Treasury Department Office of Foreign Asset Control’s addition of cryptocurrency addresses to the “no pay list,” Bitcoin speaker and celebrity Andreas Antonopoulos called the move “completely useless” and “fundamentally fascist.”
US Treasury Blackballs Bitcoin, Petro Addresses
The US Treasury has blacklisted a variety of crypto addresses. | Source: Shutterstock
Not just Iranian Bitcoin addresses have been added to OFAC’s list, but several other blockchains as well, including the Petro. OFAC’s database is not searchable by address, which led the Let’s Talk Bitcoin host to suggest that it should somehow be fed into crypto nodes so that wallets can automatically warn users.
Antonopoulos pointed out that a typical Bitcoin user can generate infinite addresses and use them. Blocking one address just leads to the creation of another. Specifically, the author of “Mastering Bitcoin” said:
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