According to reports, the founder of the now-defunct Silk Road 2 marketplace has forfeited more than half-million dollars worth of bitcoin to British authorities. White’s Silk Road 2 admin handle was called “Cthulhu,” and he also dubbed himself as “DPR2.” Silk Road 2 Admin Thomas White Forfeits $667K in Bitcoin In April 2019, Bitcoin.com News…
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Mauricio Moura, a current director of the Central Bank of Brazil, stated that anonymity won’t be a choice when making cryptocurrency transactions in the country. The representative stated that, sooner or later, all users would have their transactions identified by the government. These comments came at an event promoted by the Institute of Professionals for…
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The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs. Chinese authorities are willing to ensure maximum user privacy for the country’s central bank digital currency, or CBDC, according to an official at the People’s Bank of China. Mu Changchun, head of the…
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Determining the future of who can and cannot custody crypto and how much you need to know about them remains a central topic of discussion. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Last week’s Law Decoded sounded the alarm on threats…
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France is preparing new frameworks to prevent anonymity in crypto. French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing. On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning anonymous crypto accounts.…
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Privacy should be a key talking point from the beginning of CBDC development. Robert Bench, the Federal Reserve Bank of Boston’s director of applied research, thinks privacy should be a focus during the creation of digital money, not an afterthought. “Privacy is a question that we have learned is critical from a technical perspective,” Bench…
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The lightchain-vs.-darkchain dichotomy is counterproductive, and a healthy graychain will produce more valuable crypto assets like Bitcoin. In the last month, we’ve seen the United States Federal Reserve come after BitMEX for failing to identify customers, crypto intelligence firm CipherTrace report that most crypto exchanges are not collecting enough user info, and the so-called “FinCEN…
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Russia’s digital ruble will not have the same level of anonymity as cash, says official. Elvira Nabiullina, the head of the Bank of Russia, argued that there is a line between anonymity and privacy regarding the circulation of an upcoming digital ruble. Speaking at a press conference on Oct. 23, Nabiullina said that Russia’s digital…
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What a statement from a coin whose white paper originally proclaimed it as “a privacy-centric cryptographic currency.” Once viewed as one of the crypto industry’s top privacy-focused assets, Dash (DASH) no longer operates under that classification, according to the Dash Core Group, the body overseeing the asset and its development. When asked if Dash should remain…
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The implementation of this technology promises to remove the need for trusted setups. The Electric Coin Co., or ECC, the entity responsible for the advancement of privacy coin Zcash (ZEC), unveiled new code for the blockchain and crypto community. The company opened its Halo 2 source code — “an updated, more efficient version of ECC’s recursive…
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