Bitcoin Tumbling: For Privacy Advocates or Money Launderers?
Can you make solid parallels between accounting or financial practices in the fiat currency world and the digital currency world? In a less and less private world, is seeking privacy in your digital financial transactions wrong? Can you "launder money" in the digital realm if Bitcoin is not actually, legally money? These grey area questions are coming up more and more as Bitcoin changes the way courts, business, lawyers, and entire countries define money. If you listen to someone explain a Bitcoin transaction tumbling operation, or "Prima facie", a technique that gained global exposure in....
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As delisting for privacy coins spreads, advocates argue that not only should regulators want them on exchanges but they should tell exchanges what they need to do to be compliant.
There’s been no official statements as of yet – but it looks like the Mycelium Wallet will be getting built-in peer-to-peer bitcoin mixing/tumbling later this year. The first testnet transaction from devs went out four days ago, and discussion on internal channels confirms that they’re working on integrating P2P tumbling into their popular Android wallet. P2P Tumbling In Mycelium Pipeline. As for details, so far we know they’re using the CoinShuffle protocol (whitepaper available here) and that it will be integrated into their growing number of peer-to-peer features, including local sales....
During the last few weeks, a project called Worldcoin has been the subject of numerous headlines and speculation. Worldcoin launched on October 21 and aims to be a universal basic income (UBI) crypto asset that gives free tokens to accounts that are verified with a biometric eye scan. The project has privacy advocates reeling and whistleblower Edward Snowden slammed the project’s creators and said “don’t catalogue eyeballs.”
Worldcoin Turns Heads in the Crypto World as It Wants to Scan Your Eyeballs in Exchange for Free Crypto
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The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future calls the ban “a threat to the future of financial privacy.”
Advocacy Group Fight for the Future Says US Government Threatens Financial Privacy — ‘There Are Many Legitimate Reasons to Seek Anonymity in Financial....
Privacy advocates and Salvadorans discuss the rollout of El Salvador’s Bitcoin law, government wallet and more.