Reply To: Can the government sanction your wallet address?

Yes – the government can sanction private wallet addresses. We saw this during the Freedom Convoy protests in Canada when the Canadian government seized bank accounts and issued a list of sanctioned wallet addresses.

This will not prevent miners from processing transactions. Marathon (MARA) once experimented with mining “OFAC compliant blocks only” and it was disaster and lasted less than two weeks before they pulled the plug.

There are myriad ways to circumvent a government sanction on a private wallet, like just moving to an offshore DEX and changing the BTC into wBTC or something else.

This is the big elephant in the room for governments vs crypto – they may know about your wallets and even your transaction history, but for the most part, they can’t actually do anything about it.