If you’re an American, and someone in Iran connects to your lnurl server, fetches an invoice, and pays you, you can go to jail. Probably low likelihood and they may likely settle for a fine over jail time, but sanctions compliance is no joke.
Discussion
Bitcoin is for enemies. The game has changed. Open. Permissionless.
Maybe we should have thought about that before we adopted protocols that leak sender IPs to recipients. Gotta comply with the law, the government has more guns than you do.
Please point me directly to the law/statue you are referencing so that I can educate myself further
This is probably the most relevant case: https://www.reuters.com/article/us-crypto-currency-bitpay-idUSKBN2AJ2CI
Note that this was for users of its non custodial 2-of-3 multisig wallet.
Thank you for sharing the article. Do you know where the law/statue that would effect individuals could be located.
Companies should be compliant with laws and regulations. They should hire people for compliance.
There’s no company/individual distinction in sanctions compliance. All Americans have to comply. The operative Google terms is “sanctions” and “OFAC”.
Very happy to see the Cato Institute in recent months discuss amendments to the bank secrecy act and rolling back the punitive impact of these sanctions
Wouldn't the better move be for lots of people to spoof these IP addresses & appear to send all payments from sanctioned countries in order to make a mockery of the whole mess? 🤔
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No the better move is if we all used private payment protocols so we don’t even have to think about this garbage.
That’s why you build a system that can’t censor transactions. Faggot.