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.
@ISIDEWITH7mos7MO
No
@9ZSF2RR1mo1MO
People should be able to because such a law assumes funds will be used for immoral activities whereas many people in these countries are normal people and this money may help them survive in a very difficult environment.
@9ZWFB364wks4W
Absolutely not. These countries' general citizens have nothing to do with the conflicts. Most people in all of those places are good people, so as long as it is known that it is going to positive places and not specifically funding their government, there should be no banning in the slightest
@9ZWC9N74wks4W
No but have very strict regulations in place regarding the transfer of money to these regions ie the national identity of the recipient, the rationale for sending, limits on amount that can be sent (to take into account countries like Palestine)
@9ZVGBNTIndependent1mo1MO
If people want to do it keep it strongly regulated to avoid money laundering. If proven impossible it should be banned
@9ZV4XJQIndependent1mo1MO
If they earn their money by working they should be allowed do as they please but if taking government money to send home should be stopped
@9ZTQJLXPBB Solidarity1mo1MO
Large or suspiciously frequent transactions should be flagged and investigated to ensure that payments or not going towards the funding of criminal activity but smaller sums or transactions confirmed to be towards humanitarian aid should not be restricted
@9ZT3FBC1mo1MO
Not ban, but regulate. Reasonable amounts set from person to person should be allowed, for example if used to provide humanitarian aid, but large amounts between organisations, etc for possible criminal activity etc. should be prevented.
@9ZSTDNQ1mo1MO
Countries where we are seeing high level vision of abuse of power should be put on surveillance with this exchange
No, unless it’s untraceable such as through digital or crypto currencies. The ability to send cross border payments via account or funds transfers should be maintained.
No, but a system should be put in place to ensure it is not sent to organisations that are classed as oppressive or terrorists, according to the UN, EU NATO etc.
@9SWMJY6Independent4mos4MO
Yes and no, like with all money it should have a trace to prevent corruption and illegal activity but at the same time it's not 'viewed' as money. Legislation needs to be drawn to finalize this
@9RGDDQG5mos5MO
If avoiding banks to transfer no problem but i wouldn't like to see some of those transfers creating harm by transferring to certain states. Crypto is ok as long as you are a citizen.
@9NWX4CX7mos7MO
Only some countries and those abusing the system regardless of where they're from
@9NNGPDT7mos7MO
No, if the government is to sanction countries, it should be based on EU guidelines, and not a US treasury department
People should be able to support family members but a cap should be applied.
@9N6VX477mos7MO
Lol. The government coukd never accomplish enforcing this. This is a pioedream.
@9MX67X87mos7MO
It should only apply if it applies in other countries
@9ZH95KB2mos2MO
While I understand why this is done, I feel like it can have an adverse effect on the people who really need it, in a humanitarian effort. Sometimes this is the only means for people to get out of war-torn areas. I feel that it's punishing the people more so than the government. It would be more beneficial not send arms over to these countries, etc.
@9ZGSPPY2mos2MO
I think large amounts should be tracked and traced but small amounts are usually family or basic needs or even paying back a friend that helped you at one point, definitely 50/50
@9ZGM5JV 2mos2MO
There is a big difference between sending money to a palestinian citizen and a russian one for me. It shouldnt be banned but it should most definitely be monitored.
@9ZG8PZL2mos2MO
Yes but Only if it's russia, Iran and north Korea. They can only send money to Venezuela if it can be proven they've no links to any government apparatus
@9Z9LLZ72mos2MO
I don't think it should be banned but stricter control and regulation should be implemented if sending money to these countries
@9Z9CVBF2mos2MO
there should be a low cap on the amount allowed to be paid depending on which countries you’re sending the money to
@9V2434JSocial Democrats3mos3MO
Only if the list of prohibited destination countries is decided by the Irish State, not by an external organisation.
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