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Saturday, May 3, 2025

Are All Crypto Privacy Services Potentially Criminal? - Bloomberg

Each weekday, stacy-marie ishmael dives into everything from Bitcoin to Bored Apes, NFT’s to DeFi, Staking to Web3. Bloomberg Crypto, from Bloomberg and iHeart Radio, goes deeper than the daily market buzz to explore how this asset class is shifting the way we live
Bloomberg Crypto Podcast • Browse all episodes
Put a whole bunch of crypto transactions into a blender and lock them up in black box - what do you get? Something metaphorically similar to the experience of using a decentralized app called Tornado Cash. The currency mixer app allows users to move cryptocurrency around anonymously. But federal regulators say cyber criminals used the service for money laundering purposes. Tornado Cash was recently sanctioned by the U.S.Department of Treasury. Privacy is a key objective of many crypto proponents. And it’s one of the features that makes the asset class attractive to some investors. If this principle can’t be guaranteed, some say crypto’s utility becomes questionable. Bloomberg...



Read Full Story: https://www.bloomberg.com/news/audio/2022-09-12/are-all-crypto-privacy-servic...

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