• hark@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    5 hours ago

    Couldn’t those transactions be cut off at those swapping points to fiat? I assume if a bank doesn’t support a business directly transferring funds for a particular purpose then they’d take issue with indirectly transferring funds for the same purpose and would work to close those accounts.

    • Knock_Knock_Lemmy_In@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 hour ago

      It can happen. That would involved cutting off access to all crypto for that individual. It’s not common.

      Even on the token side there are often blacklist addresses (e.g. USDC) that perform a similar function. Usually for hacks rather than terrorism.