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Announcements (Altcoins)
Re: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency
by
WooeiiSurArthur
on
08/08/2020, 15:03:18 UTC
Cloak coin is a crypto currency allowing anonymity thanks to its mixing function enigma and cloakshield. Impossible to trace a transaction.
Banks should adopt privacy coins to protect their customers
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Quote
On August 3, Coin Center submitted comments to the Office of the Comptroller of the Currency on the digital activities of the National Bank and the Federal Savings Association
https://www.coincenter.org/comments-to-the-office-of-the-comptroller-of-the-currency-on-national-bank-and-federal-savings-association-digital-activities/
These comments suggest that banks should embrace privacy exhibits rather than fight them:
"We argue that banks should not only be able to use untrusted mixing technology (cloakcoin) or enhanced cryptography for privacy (zcash / cloak / monero), but that they may be forced to do so in order to protect the privacy of their customers."