Reported 5 months ago
The Department of Justice and the Federal Deposit Insurance Corporation were penalized for their activities under Operation Choke Point, with founder and CEO Keith Bliss of BloxCross raising concerns about a new initiative called ‘Operation Choke Point 2.0’ in the cryptocurrency industry. This echoes a past operation where the government targeted businesses like firearms, marijuana, and payday lenders, causing them compliance issues or account closures without legislative backing, leading to penalties and promises to change policies.
Source: YAHOO