Will governments seek to freeze or ban btc that has passed through Iranian wallets? Will they punish individuals or organizations that accept or spend tainted btc? At 2 million dollars per tanker, that adds up quickly.
With Bitcoin now being accepted by Iran, will this lead to blacklisting of coins?
byu/himtnboy inBitcoin
Posted by himtnboy
8 Comments
No.
Bitcoin itself can’t be blacklisted at the protocol level. No one can “ban” specific coins globally.
But governments and exchanges can track and label (“taint”) coins using blockchain analytics.
Nope
No
No
It might do the opposite – provide a way to recycle coins that have ties to crime, in the same way that say the us marshals selling procedes of crime does. If the last transaction for some coins was a legal oil sale and the consequences of not honoring those coins is no further oil trade.. Probably best not to try and mess with it.. Who knows though, there will probably be instances of both coins being blocked and instances of blocked coins becoming spensable as a result of being accepted by a government.
If you are worried about that sort of thing, keep exchange and p2p coins in separate wallets.
Good question. I’ve heard about a database or website where you can track or government can track good or bad Bitcoin. But not sure how real that is. Or how it works.