The Breakdown cover image

The Debate Around SBF’s Regulatory Ideas

The Breakdown

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Block Lists and Sanctions Compliance on Decentralized Blockchains

This is written by Sam Bankman-Freed, but neither he nor FTX feel confident that this structure is exactly correct. Maintaining a Block list is a good balance, prohibiting illegal transfers and freezing funds associated with financial crimes while otherwise allowing commerce. All of commerce breaks down if you require an Allow list to transact. Imagine what would happen to the underbanked if buying a bagel required a passport.

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