A leaked EU proposal to restrict privacy enhancing coins could be a serious worry for this crypto niche.
With regulators seemingly on the warpath against any form of monetary privacy, things do not look good for privacy projects. TornadoCash is one example of harsh law enforcement whereby a developer for the project has ended up facing jail time just for writing some of the code.
Why privacy-enhancing coins?
The blockchain is by definition completely public and transparent. Every transaction that is made is stored forever and anybody can see which wallet it is sent from and which wallet received it.
However, in spite of the advantages of transparency, these come with the disadvantage that every single transaction made by someone can be transparently viewed – no matter how private or potentially embarrassing it might be.
Those viewing your transactions could be anyone, including your boss who knows your salary history to the exact dollar – pretty disadvantageous for your next salary neg
We współpracy z: https://cryptodaily.co.uk/2022/12/what-is-the-future-for-privacy-coins
