Cross-border payment methods, such as cryptocurrencies, allow individuals to transfer money internationally, often bypassing traditional banking systems. The Office of Foreign Assets Control (OFAC) sanctions countries for various political and security reasons, restricting financial transactions with these nations. Proponents argue that such a ban prevents financial support to regimes considered hostile or dangerous, ensuring compliance with international sanctions and national security policies. Opponents argue that it restricts humanitarian aid to families in need, infringes on personal freedoms, and that cryptocurrencies can provide a lifeline in crisis situations.
@9QWT5T4Libertarian9mos9MO
Yes to prevent terrorism only. As long as it can be shown it's not for terror no further action should be t-ken
Draft strict legislation to ensure transactions of this type are used for the benefit of people and citizens rather than financing corrupt regimes or autocracies.
@9XSXYJY 5mos5MO
Only if the people sending and receiving the money aren't involved in terrorist or extremist activities. And also if the money isn't being used to fund any authoritarian regimes like the Iranian government for example.
I think this should be case by case, so there should be a system where , if you want to send money to family in these countries, then you should have to go to a bank and allow the bank to carry out these checks
@9QBB8CL9mos9MO
The government shouldn't ban its citizens from using cross-border payment methods to send money to relatives in OFAC sanctioned countries, but should if it has nothing to do with sickness, etc.
@9PY3K9N 9mos9MO
Should impose a limit to how much can be sent, to keep it at a domestic level and keep out large spending support that could be for bad actors
@9PWFQND9mos9MO
Cross-border payments to relatives to relatives should NOT be banned but cross-border payments to suspicious organisations should be banned
No There should be a background check with order border intelligence to check there are legitimate reasons.
@9MX5JLC10mos10MO
No but it should be regulated to prevent dangerous situations. People should still be able to support those in need of support and loved ones regardless of their location
@9MWVBTX10mos10MO
Ban Israel and stop the support of genocide in Palestine by the UK. Ally with global south and China /Russia
@9PH38DT9mos9MO
Straight banning isn't feasible. Instead the government should work on political solutions to improve and make more transparent relations across countries. The government should aim to track movement of money
@9PCGLSSConservative9mos9MO
This would unfairly penalise families on subsistence living in some of those countries. There should be a registration systemto allow only cleared pathways to the nations.
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