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.
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@ISIDEWITH10mos10MO
@ISIDEWITH10mos10MO
Yes
Banning cross-border payments will harm innocent families who rely on remittances for basic needs. Un Venezuela, hyperinflation and economic instability have left many people struggling to afford essentials. Cutting off these financial lifelines will just exacerbate their hardships.
@9MW54DD10mos10MO
People have a right to send their money to whoever they want, if people chose to live in America they chose the freedom and they are good people who share right values and won't sponsor terrorism with crypto. Also sanctions are bull **** .
@9NQL5VP9mos9MO
No, but it should be regulated to where specific steps must be required to send money to sanctioned countries.
@9RDCN23 8mos8MO
No, but it should be regulated to the point where specific steps must be required to send money to sanctioned countries.
@ChaseOliver 10mos10MO
No, because when shelters are funded by government, however well-meaning, the incentives of shelter administrators shift from providing better services that aid the long-term outlook of the homeless, to filling beds to receive more funding.
@9WMLRZC 5mos5MO
No, but the use of cross-border payment methods should be subject to the same regulations as traditional banking systems
@ISIDEWITH6mos6MO
How do you balance the need for national security with the ability for families to stay financially connected in countries under sanctions?
No, the government should not ban cross-border payment methods, as it can harm humanitarian efforts. Transactions should be monitored, however.
@9RN3K8R8mos8MO
No, but monitoring and tracking methods should be implemented by intelligence agencies to understand where transactions are being sent once they arrive within one of these countries. If reasonable cause for bad actions are found, they then trace the transaction back to the US source.
@9RBN2M38mos8MO
The government should have zero involvement in personal transactions.
Most people are sending small amounts of money to help their relatives who live in other parts of the world where economies are in shambles.
Every American citizen has a right to financial privacy and self-custody. Crypto is here to stay, and banks should be planning on their eventual extinction a few decades from now, instead of trying to keep people locked into a corrupt system that's no longer sustainable, and will be replaced in time by a more efficient and beneficial financial system.
@9N35ZJJ10mos10MO
No, we should lift all sanctions on these nations.
@B3QG49LProgressive6 days6D
No one should be using crypto currency, it allows crime and money laundering to go on without recourse.
@B3P5DZ41wk1W
No, but there should be screening to make sure you are actually sending the money to a relative or someone in need.
@B3LYBW6Progressive1wk1W
yes but only because i hate traditional banking systems and their highly anti consumer practices. some countries can be regulated, like north korea not receiving crypto or certain countries
@B3G5BMN 2wks2W
Money amounts should be limited to what families need to survive, not business or political dealings, so relatively small amounts.
@B3DVFJ9 2wks2W
No, If it is their own money and they have paid taxes on the income, they should be allowed to spend or send where they want.
@B3DC4RRRepublican2wks2W
Sending money back is not a bad thing but sending large amounts of money to a country like North Korea as like fraud is bad so add regulations or more stricter rules.
@B3D9CQSRepublican2wks2W
yes, but people should have to go through some kind of process and prove who they are sending it to and that person has to accept it.
@B38RB253wks3W
No, the government should ban crypto, but not the transfer of money from citizens to relatives in other countries.
@B34MF6V3wks3W
Yes u can as long as its not going towards a foreign government or military because it can be used to help out citizens with food water shelter ect
@Mohanri-Brown4wks4W
No but increase regulations and restrictions for sending money to countries with totalitarian regimes.
@B334T97Libertarian4wks4W
They should ban money to all other nations, but crypto should not be banned. Our enemies should be able to hate us for free.
@IChi3064wks4W
Only if the person sending funds has been credibly found to be in association or support of terrorist. Other than that we should not merely punish someone from helping their family simply because they come from a place who's government is hostile. A government does not always represent the people.
@B2YP5LP4wks4W
Crypto isn't very good, but I am not against the concept if it is implemented in a better and more secure way.
@B2YG8XL4wks4W
No, but the government should limit the amount its citizens are able to send, such that hostile regimes are unable to be sustained through these payment methods.
@B2XQP6J1mo1MO
it depends on how it's used. we do have naturalized citizens from Russia who send money back to their families to support them
@B2VZZWVIndependent1mo1MO
No, but I dont think Cuba should be included in this list, as it is no where near as dangerous as the other countries listed. Cuba should be taken off the list of sanctioned countries, if other western nations visit the country as a vacation destination, and have trade agreements, then we should to.
@B2P52GK1mo1MO
Depends on where the money is being sent to. If it is to help families and citizens in need it is okay.
@B2NTHPV1mo1MO
Restrictions, have them explain the reason and how much, then a worker goes over it and then can accept the payment.
@B2LZM8V 1mo1MO
As long as there isn't proof they're using it for crime or negative things, then they should be allowed to do so.
@B2D3G9R2mos2MO
No, But this should be able to be use to start compiling evidence to be able to monitor and investigate insurgence, terrorists, or illegal activity to ensure national and public safety.
@B2BJMSP2mos2MO
Yes, this should be banned in instances where the relatives are involved in crime rings or terrorism.
@B273X7RRepublican3mos3MO
Government has no right to control any of the citizens options of dealing with their own hard earned money
@B2637YXWomen’s Equality3mos3MO
Yes and No. Yes because The crypto or other methods could be tied to a crime. No because this could be the only way people could send relatives in different countries money.
@B25335V3mos3MO
No, as it is not a state or private sector related matter, and a familial issue, citizens should have their right to send money to relatives, no matter the location.
@B23YYX9 3mos3MO
Yes, because it could be used as a way to transfer money for a scream, but the Feds should be able to so it's monitored better and the Feds could communicate if there were hostages.
@B23TTYN3mos3MO
No, but if there is undeniable proof funds end up going to a bad actor the sender should be prosecuted.
@B233T4C3mos3MO
Not entirely, but certain countries which support terrorism should be banned from financial transfers
@9ZZLNNZ3mos3MO
immigrants should be allowed to use cross border payment methods for relatives but not us citizens and if it is allowed under reasonable security.
@9ZX2MY53mos3MO
No, but increase restrictions and regulations for people sending money to countries with totalitarian regimes.
@9ZWQVPX3mos3MO
No, if it suspects citizens of helping actual enemy interests and not just their families they should have a warrant to gather information as our Constitution and Justice system would require.
@9ZQPHSH4mos4MO
Yes, provided it is understood the transaction will be monitored to ensure compliance with anti money laundering and anti terror regulations.
It depends on which country the money is being sent to. Some countries like Palestine and Cuba are unfairly sanctioned and really aren't a threat. This is especially the case for Palestine since the people there are not only going through a genocide, but they're also being denied the rights to basic necessities by the Israel settler colony.
@9ZNHYHBPeace and Freedom4mos4MO
If the relative is suspected of conspiring with a country we don't like, then they shouldn't be allowed to send money.
Yes, but it shouldn’t be heavily monitored and when it is being monitored, they should watch and check to see if anyone’s account is being hacked.
@9ZM6TY34mos4MO
No, but these transactions should be monitored to ensure exorbitant amounts of money are not being transferred
@9ZL8LQH4mos4MO
I think it should depend on the country and why they think they should be banned from paying cryptocurrency to certain conutries.
@9ZHYFDJ 4mos4MO
We should be allowed to send money to our relatives but for crypto it's a slippery slope. As that is something I do not agree with.
@9ZJRJN74mos4MO
Yes, but only for transactions involving persons or entities in adversarial nations or designated terrorist groups.
@9ZHKR7F4mos4MO
Depends on the citizen. If they are spys or terrorists for instance then probably but if they are just trying to support their families then no. So I think its about getting approval to do so.
@9ZH925X 4mos4MO
No, but financial transactions to sanctioned countries should be monitored and, if found to be supporting terrorist organizations, should result in criminal charges
@9ZBXCF84mos4MO
Its not that I think citizen should be able to send money anywhere, its that you can't stop it it. You can't stop the signal.
@9YL6RLS4mos4MO
No, Legal citizens should be allowed to support their families, but the amount and who it is sent to should be monitored.
@9YHC2RV4mos4MO
Yes, and if found guilty of such, they should be sentenced to no more than 3 years in a federal prison.
People with enough money to buy the world over should not be able to lobby or influence any political power in any way with their money as it puts the poor at a vast disadvantage.
@9YC6L2F4mos4MO
I think that in cases where it's family or people in need, it shouldn't be banned, but for larger and bigger corporations it should be regulated or banned.
@9YB8MNW4mos4MO
not without filling out declarative forms certifying that the payments are not in violation of sanctions
@9MGKS4XConstitution 4mos4MO
No, most citizens in those countries like the US and don't like the dictatorial government. However, the US should vet who the payments are going to so that dictators and their supporters don't receive cross-border payments.
@9Y7T3Z44mos4MO
Yes, but it should be monitored by the government and there should be transparency and reasonable understanding between the citizen
@9Y539D34mos4MO
and stop all citizens from sending money made in us to other countries- it should be spent here to boost our economy
@9Y4X87K4mos4MO
Yes, but only if these transactions can be monitored and verified before going through to protect against funding terroristic groups.
@9Y3QKF24mos4MO
I think a form or process should be implemented to screen for why money is being exchanged. The progam should be regulated to ensure that there is no danger to our country.
@9VSLFGBPeace and Freedom5mos5MO
I think if you really need to transfer money to a relative who's in a bad situation should be allowed to
@9VBG28J5mos5MO
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@9V9K5PX5mos5MO
There should not be restrictions on regular banks to send money to families in other countries to begin with. I do not like cryptocurrencies for several reasons, but if it is a last resort to get money to family or for health needs, then people should be allowed to use it. If it is for investment purposes, gambling, or use in private companies, crypto should be regulated.
No, we need to lift sanctions off of Cuba, Venezuela, North Korea, Iran, and Palestine. Free Palestine!
@9V5YC34Republican6mos6MO
Have an agency it can go through to evaluate the transaction to see if it is truly to help someone in need.
@9V5Y6L76mos6MO
Not if they are ONLY sending fund to their relatives, unless said relatives are connected to these corrupt or terror inciting regimes
@9V3QQGJ 6mos6MO
No, individuals are allowed to support whoever they want, similar to politics, and some people may need to use this to support their families in other places.
@9V3NGJJLibertarian6mos6MO
Yes, if funding for the cross-border payments is derived from government benefits. Penalty for infringement should be denial of benefits.
@9TYNQLB6mos6MO
No. It could offer a program if you need to fund relatives to ensure that the funds aren't going to threatening people or groups.
@9TXZW76Peace and Freedom6mos6MO
No, but if a transaction seems suspicious, the recipients of the money should be made aware of to the government to reduce risk of funding of terrorist groups, for example
@9TQJ2F56mos6MO
I dont really know. All these countries cause problems, but cross border payments could be good or bad.
@charlroycefleIndependence 6mos6MO
The US government should give more individual crypto rights when it comes to sanction countries with strict accountability.
@9TQ3SW26mos6MO
No, but make the government be sure that the money being sent to someone in an OFAC sanctioned country is being used in a non malicious way.
@9TPMGGC6mos6MO
Yes, but only if the payment to relatives is intended to finance criminal activity (hacking, terrorism, arms dealing, etc...)
Yes, it could be used to commit fraud, we must make find other government sanctioned ways to help family outside the US.
@9TL54R5 6mos6MO
Yes, if it can be demonstrated that the citizen is providing support for other than the support of friends and family. Additionally, if Palestine is banned, Israel should be, too, and Saudi Arabia and other dictatorships that support terrorists should be added to the list.
@9TK5XXC6mos6MO
We should not ban crypto, but we should ban sending money to sanctioned countries. There are other countries that should be added to that list, such as Israel.
I don't think this should be banned, unless activity of people using this is suspicious, since this can be used by criminals or terrorists.
@9THQL696mos6MO
There needs to be a check to see what the money is going to before being transferred to the other people.
@9TGDP8R6mos6MO
No they shouldn't ban citizens from doing this. They are trying to help their family members be successful and survive.
@9TF3MZC6mos6MO
I don't really know anything about crypto so I have no idea. BUT if you're asking if US citizens should be able to send $$$'s to marxist / communist countries then my answer is YES, they should ban it.
@ProudJew 6mos6MO
A sustainable solution to the issue of cross-border payments to OFAC-sanctioned countries could involve regulated remittances with strict oversight. This approach would allow citizens to send money to relatives in these countries for humanitarian purposes, ensuring that funds are used for essential needs like food, healthcare, and housing. Key components of this solution would include a transparent approval process to verify the purpose of transactions, the use of licensed and regulated financial institutions or exchanges that follow anti-money laundering (AML) and know-your-customer (KYC)… Read more
@9TB36YW 6mos6MO
no, restrictions should be applied to prevent any unlawful transactions but there is no need to completely cut off those resources
@9T9HQZ96mos6MO
I'd say that the government should keep an eye on the transfers between crypto currencies but not necessarily ban them.
Yes, if there is war or conflict going on in that country that is on the opposing side of our country
@9ZF7PWM4mos4MO
No, and we should lift all sanctions on the aforementioned countries. Sanctions are a violent form of economic warfare that hurts the broader populations of these countries than the presumably adversarial governments in question.
@9XYYRHMRepublican4mos4MO
Yes, but on the basis that they're sending money to convicted felons in order to get out of issues with the law.
@9XV68CD4mos4MO
nations like Russia, venezuela, and Iran have not attacked the united States or nato, so there is no need to sanction them
@9XQCYWQ4mos4MO
Transactions should not be allowed when there is proof that funds are being given towards terrorism/ people directing terrorism
@9XMSVF74mos4MO
No, but a secure system should be implemented in order to make sure the money isn't based off illegal interactions.
If the person being sent the money has connections to a known person of interest, the transfer should be stopped and the person trying to send should be investigated.
@MerGRobinson 4mos4MO
A system should be put into place to prevent financial support to regimes considered hostile or dangerous, ensuring compliance with international sanctions and national security policies. The system should not however, restrict humanitarian aid to families in need because it infringes on personal freedoms, and should allow for approved parties to use cryptocurrencies since they can provide a lifeline in crisis situations.
@9XLLZ6D4mos4MO
I disagree with there being money sent across borders but then again it is also a vital part of the economy
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