Weekly Roundup 08/12/22 (Tornado Cash OFAC'd, Dai reconsiders USDC, Merge scheduled) (EP.339)
On The Brink with Castle Island
Do You Know What You're Doing?
If you are found to be doing a transaction with someone who is on a sanction list, an s t n list, there are some pretty serious penalties associated with that. The charges of wilfully avoiding us s here can bring up to 30 years in prison. There's not a lot of case law to support what you would do. A firms like fidelity digital assets, for instance, have a policy on what they do with air dropped assets that come from locations that you don't know about. If your custodian does not have that process in place, that's a red flag. It's just that the system isn't compatible with this model of push payments and assumes that it's the more
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