Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Emily Nicolle revisits mixers, sanctions and what’s a crime or not:
Tornado Cash is caught in a DeFi whirlwind
The news that a suspected developer for cryptocurrency obfuscator service Tornado Cash was arrested in Amsterdam last week triggered outrage across the cryptosphere, with opponents to the arrest arguing that a single person cannot be held responsible for crimes carried out using their code.
In reality, it’s not the first time authorities have made a move like this. But because of how crypto has changed in recent years, it raises some potentially thorny issues.
In case you missed the furor, the arrest came after popular crypto privacy tool Tornado was hit with sanctions by the US Treasury Department on Aug. 8 over its alleged facilitation of more than $7 billion in money laundering, including some $450 million by North Korean...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...