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RE: Venezuela Using USDT To Avoid Sanctions Showing Crypto Power

in LeoFinance26 days ago

That is a very interesting development. I am reading of more and more countries moving to crypto and stablecoins. Having read the comments, it seems USDT can and have blocked wallets in the past, so that is a risk I didn't know. I wonder if that will be possible with Hive? I'm not familiar if we have like an entity that can just block an account in any way.

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After this article was written, Tether mentioned they would block the wallets tied to Venezuela.

Thanks. I skimmed a few articles and I'm conflicted. While they have done this before to combat terrorism and scams which is good, this doesn't really differentiate it much from the banks. I also read that USDC can also do this. So I guess that's another benefit to using HBD.