I'Ve been having a debate in a private group, we

Question

I'Ve been having a debate in a private group, we

are debating the following. A mate of mine says algorand devs have the ability to freeze addresses (let's say someone steals funds) algo can freeze these funds and that's the reason the SEC is going after algo, so it gives the SEC back-door access to be able to freeze funds if they wish too. The logic is that the US government can claim anything as "terrorism" and get addresses frozen.

Is the freezing of funds correct?

Basically the SEC move is the control algorand

#algo #cryptocurrency #english

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06.06.2023

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James Автор вопроса

AP | Never DM You First
So when you create a token, you can provide a free...

Ah okay ? So my mate is wrong

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06.06.2023

AP | Never DM You First · Accepted Answer

AP | Never DM You First

So when you create a token, you can provide a freeze and clawback address. If they are set to null freeze and clawback will be disabled. In the case of algo it is a native coin and freeze and clawback is disabled. But there are tokens in algorand with both enabled

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06.06.2023

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I'Ve been having a debate in a private group, we

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