THELOGICALINDIAN - Centre Consortium has blacklisted an ethereum abode captivation 100000 in USDC a move that the article says was in acknowledgment to a appeal from law enforcement
A collective adventure amid Circle and Coinbase, Centre is the issuer of the dollar-pegged USDC stablecoin, which runs on the Ethereum blockchain. It may be the first time that an abode has been blacklisted.
According to a record of affairs on Etherscan, Centre alleged a “blacklist(address investor)” activity on the abode in question. The activity finer froze all the money in the address. It’s not bright who owns it.
Blacklisting agency an abode will no best be able to accept or accelerate USD Coin (USDC) through the stablecoin’s acute contracts, Centre explains on its website. All USDC balances captivated in blacklisted addresses may be absent forever, it adds.
“Centre can affirm it blacklisted an abode in acknowledgment to a appeal from law enforcement,” a Circle spokesperson, speaking on account of Centre, was quoted as adage by industry media.
“While we cannot animadversion on the specifics of law administration requests, Centre complies with bounden cloister orders that accept adapted administration over the organization,” the agent said.
Centre’s accord with government authorities is article that throws into agnosticism the “myth” of decentralization frequently associated with cryptocurrency. It shows how heavily government whims accept been imposed aloft investors and exchanges.
This new beachcomber of adjustment poses a bucking in that some of cryptocurrency’s arch ancestry accept consistently been aloofness and autonomy.
Now, as Centre demonstrates, individuals attractive to accomplish in an alone system, abroad from axial coffer and accompaniment oversight, are more confronted with new top-down demands, which accommodate the freezing of accounts.
However, the blacklisted abode appears to accept a adumbral history. A comment to the abode alleges:
Officials at Centre did not acknowledge the affidavit that led to the blacklisting, as accepted by the law administration agencies.
What do you anticipate about Centre blacklisting this address? Let us apperceive in the comments area below.
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