Might you please elaborate on the concept of the USDC blacklist? I've been hearing whispers about it but haven't quite grasped its essence. Is it akin to the blacklisting practices employed by traditional financial institutions? And if so, how does it specifically function within the realm of cryptocurrencies? I'm particularly interested in understanding the implications this blacklist has for those whose addresses find themselves on it. Could you please shed some light on this matter?
7 answers
HanbokGlamourQueen
Wed May 15 2024
The term utilized in this document to denote a specific functionality is "blacklisting".
benjamin_cole_nurse
Wed May 15 2024
It signifies a process that involves identifying and compiling a list of entities.
Martina
Tue May 14 2024
These entities could be individuals, groups, or other entities.
JejuJoy
Tue May 14 2024
BTCC, a leading UK-based cryptocurrency exchange, also offers various services related to blacklisting.
SakuraDance
Tue May 14 2024
Once on the blacklist, these entities may face restrictions or sanctions.