211 sats \ 3 replies \ @Car 20 Oct 2023 \ on: FinCEN wants to laughably outlaw certain on-chain Bitcoin transactions bitcoin
This seems all to coincidental and convenient.
It does. At the moment, they are referring to mixing, but it is easy to interpret their words as any onchain address:
Creating and using single-use wallets, addresses, or accounts and sending “CVC” through these wallets, addresses, or accounts in a series of transactions.
That’s Bitcoin, basically 😂
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This is precisely how exchanges send funds to the users! They hop through "one time use addresses"
Here's the actual US Code:
https://www.law.cornell.edu/uscode/text/31/5318A
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This is why it’s laughable.
Only possible way to avoid this, use ETFs, but avoid custody🧐
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