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⚡🇺🇲 WATCH - Scott Bessent: "For individuals who want to wire money out of the country, they're gonna have to tick a box whether they are or are not on public assistance. If you're on public assistance, you cannot wire money out of the country."

8

Might sound good in theory, but how are you going to stop someone from sending bitcoin or tether?

nostr:nevent1qqsww8hvze80tr8m66jyp5n5hpenzgpqf9c2m7uxdq6qnjjw7lk2v5qpz3mhxue69uhhyetvv9ujuerpd46hxtnfdu9qynhf

The first gate going up

JackTheMimic · 5w

What happens if they buy Bitcoin with their public assistance and send it to someone outside the United States? What box do they check for that?

FinCEN is unelected and without congressional oversight; and has broad authority to issue regulations under the Bank Secrecy Act. They can also make self-custody illegal under the guise of “protecting ch1ldren and stopping terr0rism”. Without self-custody it’s all just one big CBDC. Be ca...