Blacklists Are Eating Crypto Alive. Here’s Why It Matters.

This story was originally published on HackerNoon at: https://hackernoon.com/blacklists-are-eating-crypto-alive-heres-why-it-matters . Some crypto networks need to walk a careful line between regulations and maintaining their open nature. That's where blacklists appear. Do you know them? Check more stories related to web3 at: https://hackernoon.com/c/web3 . You can also check exclusive content about #crypto-regulation , #crypto-ban , #blacklist , #blockchain-censorship , #tornado-cash , #crypto-law , #obyte , #good-company , and more. This story was written by: @obyte . Learn more about this writer by checking @obyte's about page, and for more stories, please visit hackernoon.com . A “blacklist’ usually means a list of addresses, accounts, or smart contracts that are banned from sending, receiving, or using tokens in centralized platforms. Governments and regulators use these lists to enforce financial laws, but they also raise hard questions about privacy and freedom in crypto. Some distributed ledgers, like Ethereum, have had to walk a careful line between legal compliance and maintaining their open nature.