Why do you need contracts? How is it not virtue-signaling for you to chastise your former employee while likely using his service and/or similar services just the same?
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I haven't chastised any former employees. Subscribing to a service out of a legal obligation is not the same as developing and selling that service yourself.
It makes much more sense for a neutral party to be selling this service than it does a full-KYC wallet/exchange.
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How so? As Leo describes, removing yourself from the profit aspect doesn't actually protect users data better, it centralizes it allowing better triangulation and taint of the entire chain.
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What are your actual legal obligations to taint and use blockchain taint as a business? Can you refer me to any documentation that shows this type of requirement?
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We don't have any obligations to taint any blockchains. Re: legal obligations -- everybody has to comply with OFAC.
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How does chainanalysis satisfy ofac? How hard is it to follow ofac yourself, isnt it just a blacklist?
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Tools like don't necessarily satisfy OFAC but they offer some protection. Yes, it's a blacklist but the list of addresses is constantly growing. Vendors who specialize at this tend to have better data, which can also mean fewer false positives.
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Is there actual research and effort to assess false positives? Or do people mostly still get ousted, exit probed, and that's that?
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At Chainalysis? I don't know. At Kraken, yes. The quality/accuracy of our data is super important. We don't want want to unnecessarily turn clients away.
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Why turn any away without actual evidence?
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As far as OFAC is concerned, the blockchain is evidence. We would look at other evidence before closing an account but to keep an account open after finding a 100% match to a sanctioned entity, we would need to have an extremely good argument.
Maybe, but how many hops until it's not really evidence? imo, one.
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