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RE: To The Crypto I am Not Touchable Nuts: President Trump bans deals in Venezuela's crypto-currency

in #cyptocurrency6 years ago (edited)

This new Petro currency and blockchain isn't going to protect these people, it's going to leave proof positive forever of the violations brought against them.

How long do people have to divest?

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I don't know, it was a press release today that didn't say much, I am not even sure he's issued any currency yet under his plan. Even if he did with the current sanctions I doubt anyone in a country who has sanctions placed against them went ahead and invested.
The whole point of the post was just to show that blockchains will not make those behind them unaccountable for their actions if lawsuits are brought forth as we are seeing with one of the current currencies. The article just shows that one way or another there's a way governments can penalize them for their actions or lack thereof.

it seems like not the best way to hide transactions in the long run.

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