It won’t. Serving Russians is permissible, except for the specific Russians on a sanctions list. Even though it happens, US gov tries to avoid broad based sanctions because they understand the impact it has on the millions who are not at fault.
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why would not they put a legal order on SDNs/ targeted individuals and wallets ? this is totally something they will do now
i agree they won t do a generic gag order on all russian peopel. at least not anytime soon
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They already do it. But that’s not what Jesse and others have been fighting. Nobody wants to serve Putin and his oligarchs. They want to serve the 145M other people that some gov people don’t want served for some irrational, unconscionable, signaling and purely political reasons.
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I’d expect specific wallets to be added at some point, which I’m confident everyone will block without issue.
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my point is that the targetted sanctions did not reach *yet* crypto exchanges on specific individuals. i also believe this is what Clinton was alluding too and this will arrive by way of legal order
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Ignorant comment
Banks and crypto exchanges are following the very same regulations right now
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are they? is that documented anywhere/
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Certain people have already been banned from using the exchanges but for the regular person they are still allowed
Everyone is kycd
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thanks for the crypto 101 lesson
i just lost my genius title
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lol. he's right though.. crypto exchanges and banks are both supposed to be following the same OFAC sanctions. Russia isn't yet in the position of Iran. Transactions with ordinary residents of Russia are not prohibited at this time.
OFAC yes. but was is that the "legal' vehicle used to restricted those Russian individuals on exchanges though?
russian residents is clearly not question here.
And to add to this point, crypto exchanges absolutely do follow those OFAC obligations rigorously. The days of ignoring those obligations even by the least compliant exchanges are over: justice.gov/usao-sdny/pr/f (re AML but an equal or more egregious outcome for OFAC violations).
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Unless i missed something the banking restrictions did not include/mention crypto exchanges on those specific russian individuals. was it the case?
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