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mgamache | 2 years ago

Operation Choke Point 2.0 Continues

https://cointelegraph.com/news/nothing-is-a-coincidence-with...

discuss

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JumpCrisscross|2 years ago

> Operation Choke Point 2.0 Continues

Would a web3 proponent getting a traffic ticket also count?

We have documented evidence of clear, willful violation of the law. And nobody is seriously mooting a CBDC anymore. (Given Silvergate was (a) downed by FTX and (b) the proximate cause of our recent banking meltdown, it is reasonable to argue Chokepoint 1.0 didn't go far enough. But that's irrelevant to this thread.)

lottin|2 years ago

For the financial system dealing with cryptocurrencies isn't worth the risk. The banks would have to perform all sorts of AML/CFT checks on every penny that has come into contact with an exchange, and they just don't have the resources to do that.