Ofac Sanctions are the US’s nuclear option, and the US has shown it intends to use Terror to get it’s way via executive action.

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Ofac Sanctions are the US’s nuclear option, and the US has shown it intends to use Terror to get it’s way via executive action.

No protocol is safe now, anything that can be alleged to have provided an opportunity for foreign state actors to money launder, is now a national security interest to the united states. The Ofac has decided to sanction code and speech and knows it will take years to play out in court. Now every dev team in the world has to live in fear if it does not institute on chain full KYC aml for all defi protocols.

I tried to tell people for the last two years that the end game of the government was to force narcware at the software level, I begged people on reddit to take the Fatf revision drafts in 2019 and 2020 serious, that the drafts were openly stating that they want narcware on wallets and they want all wallets fully doxxed and declared, they want an gap in chain history to be criminal.

I am not paranoid. I understand the law. The lawyers to Ledger and Trezor understand the law. Coincenter understands the law. Reddit does not understand the law.

The point of shutting down Bitmex to US customers was to create precedent for the Banking secrecy act applied to US citizens involved in crypto and precedent for extraditing foreigner non US citizens. This shows deliberate premeditation by the Department of Justice, State Department, and Treasury to force US aml/kyc laws and SEC/CFTC licensing regimes through violence against non US citizens. Their long goal was to violently intimidate other countries into complying with our laws.

We are already looking at every american being a felon because 6050i revision was passed in September 2021 and will come to term in January 2024, where it will go into effect as enforceable. The government is openly long conning us to enforce global KYC on Defi, and software wallets, and eventually hardware wallets. They know they're violating the 4th and 1st amendment and they intend to get away with it through terrorism using Ofac.

They have long had a desire to destroy end to end encryption, this is an open plan Bill Barr had, they want golden keys to all encryption, they do not want permissionless systems to exist, and yes they can sanction the repository of monero code, and begin enforcing these strict liability 30 year prison sentences onto anyone who uses monero and gets caught.

You people are not using your brains. The only way to convince Federal prosecutors that a protocol can comply with US sanction and aml laws is to enforce KYC and licensing systems, this is crony gangster capitalism to benefit Terrence Duffy, SBF, and the Chicago Mercantile Exchange and american Web 2 Tech companies, and US private equity by using *Terrorism* to put their permissionless competitors out of business, and enforcing the KYC necessary to enforce the licensing system! and they're taking your privacy! Look what they did to the girl in Nebraska, look what facebook did, do you want the government to have a golden key to your messages, your finances, your transactions, your browser history, your media and political views?

submitted by /u/samdane7777
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