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The Bitcoin Act
TheBitcoinAct@nostrcheck.me
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The_Bitcoin_Act 3 months ago
🧡 Legal thread of the week: OFAC sanctions first #crypto exchanges over Iran links: UK-based Zedcex & Zedxion hit for IRGC evasion. πŸ‘‡ 2/ Treasury (Jan 30): Designated under E.O. 13902 (Iran finance) + 13224 (IRGC support). First time whole exchanges sanctioned as part of Iran’s financial sector. Mostly USDT/Tron flows traced by Chainalysis/TRM/Elliptic. 3/ OFAC now hits platforms, not just wallets. Centralized custody/KYC makes them easy targets for freezes/bans. Bitcoin? No central point. Nodes enforce globally. Code resists sanctions. 4/ Stablecoins = trackable fiat proxies, vulnerable to gov crackdowns. BTC needs no issuer, no permission. Self-custody means your keys, your sovereignty. Exchanges get sanctioned, Bitcoin endures. πŸ‘‰ If you care about #Bitcoin, law, and sovereignty, my newsletter breaks this down. ⚑️ Subscribe and stay ahead!
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