AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
What You Need to Know About the New Crypto Regulations w/ Erik Voorhees
Stacks
Is There a Rule to Block Bitcoin Transactions?
Under US law, no American may do business with anyone on the OFAC list. If an American sends Bitcoin to an Iranian, they have violated OFAC. It's just you've now broken the law and they can throw you in jail. And what we absolutely need to be mindful of is that those writing the code for various blockchains or for various DeFi apps, various decentralized systems, must make them enforceable at the code layer. That would mean that if you put up a new blockchain and a transaction to a OFAC listed address happened, the protocol itself would need to block it. Now that today doesn't happen and no one is proposing it, but it is absolutely the kind
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode