pull down to refresh

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.
write
preview
1100 sats \ 2 replies \ @davidw OP 20 Oct 2023
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 😂
reply
1200 sats \ 1 reply \ @IanMalcolmPhd 20 Oct 2023
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
reply
200 sats \ 0 replies \ @davidw OP 20 Oct 2023
This is why it’s laughable.
Only possible way to avoid this, use ETFs, but avoid custody🧐
reply