Post
Topic
Board Altcoin Discussion
Topic OP
Tornado Cash sanctions as the beginning of the end of privacy coins?
by
Sethrey
on 16/08/2022, 11:17:11 UTC
Recent U.S. sanctions against cryptocurrency mixer Tornado Cash have sparked a debate within the crypto community on whether the ban compromises users’ ability to operate anonymously.

Earlier this week, the Treasury Department imposed sanctions against Tornado Cash for helping hackers launder over $7 billion worth of virtual currency. The agency said the mixer service allowed cyber criminal groups, including North Korean-backed hackers, to use its platform to launder the proceeds of cyber crimes.

Does that mean that all the privacy coins will be banned and regulated? Even those having own no KYC decentralized exchanges, like Crypton?