Yes. It would be trivial to evade. I was thinking about it from the perspective of how OFAC normally works, where certain entities get blacklisted. But in crypto it’s easy enough to evade this setup. So I could see whitelisting rather than blacklisting being the preferred solution.
One thing that shocks me is how little consideration the big brains at Blackrock and Securitize seem to have put into this issue. If they had, they wouldn’t have been so shocked when they got flooded with poopoodoginu and tornado bucks. Even if a protocol change isn’t in the works, it seems like a great opening for Tradfi marketing since we already have solutions to both of these problems.
Thanks for taking the time to discuss.