RATE Group | Bitcoin [BTC] addresses blacklisting doesn’t really matter that much, says Litecoin Crea…
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Bitcoin [BTC] addresses blacklisting doesn’t really matter that much, says Litecoin Crea…

15 Dec Bitcoin [BTC] addresses blacklisting doesn’t really matter that much, says Litecoin Crea…

Posted at 01:47h in Bitcoin News by

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In the latest episode of Magical Crypto Friends, Charlie Lee, the creator of Litecoin, Samson Mow, the CSO of Blockstream, Riccardo Spagni, the lead developer of Monero and Whale Panda, discussed the recent new regarding the backlist of two Bitcoin addresses by the Office of Foreign Assets Control [OFAC].

Recently, reports emerged that the OFAC blacklisted two Bitcoin addresses as they were linked to cyber crime. The owners of the addresses are believed to be Iranian nationals and these addresses have more than 7000 transactions, receiving approximately 6000 BTC. Additionally, anyone who interacts with these addresses could potentially be held responsible by the United States government and could face legal punishment.

Charlie Lee stated that backlisting two Bitcoin addresses does not really matter “that much”. However, according to him, exchanges are going to have a lot of work as they have to check thousands of addresses and keep a tab every time someone makes…

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