Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency
by
Do_zzze
on 08/08/2020, 15:19:08 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[/size]

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."




I fully agree with your analysis, Cloak coin is still the best major crypto-currency preserving privacy just like Monero but with a different but patented technology. Cloak is really useful but is not very well known that's a fact, maybe with a partnership or specific support then that will change?