Quote from: RussiaUkraineTranslation on August 16, 2022, 12:00:42 PM

Quote from: Sethrey on August 16, 2022, 11:17:11 AM

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?

Privacy coins like Monero will be banned but privacy tokens like 0xMonero cannot be banned because they exist as assets on Ethereum and don't need to be traded on centralized exchanges. Anyone can trade 0xMR on any EVM chain AMM without KYC or censorship, on 9 different chains in fact. The future of privacy is on Ethereum, you just can't see that through the fog of regulation right now.

Hmm, well, I do not know how you can ban coins like Monero. Okay, recently these coins were delisted from popular exchanges, however, there are a number of anonymous exchanges where you can buy it.

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