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The account is now dormant and frozen because there has been no activity. Was told it can be recovered by this company,and money sent to my bank. A freeze stops the transfer or sale of assets until legal proceedings are completed or a decision is made. Regulatory Enforcement Actions. Despite popular belief, it is not possible to freeze the native asset associated with most blockchains, such as BTC, ETH, BNB or XRP � unless they are held on a.

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calendar_month 29.01.2021

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An excerpt from Coinbase and Circle's Centre blacklisting policy document sheds some light on when assets might be frozen on-chain:. It is also possible for smart contract admins to freeze funds potentially associated with criminal activity on external DeFi applications. It should be noted that all USDC issuers are required to comply with an approved blacklist request. It is widely thought that if you take control of your private keys , you will always retain control of your assets, and hence, cannot be subject to censorship. This includes XRP and Stellar, both of which allow developers to issue tokens with a global freeze function � this allows the issuer to freeze token transfers.