The War On Financial Privacy Is Escalating – Bitcoin Magazine

The below is a direct excerpt of Marty’s Bent Issue #1248: “The privacy wars have escalated.” Sign up for the newsletter here.

The U.S. Treasury decided to come out of the woodwork and send a shot across the bow of the “crypto” industry yesterday by adding the open-source privacy project Tornado Cash that runs on Ethereum to the list of sanctioned entities. In the process, the department highlighted a few things: The U.S. federal government is dead set on ensuring that U.S. citizens are completely surveilled and subjugated; altcoin projects aren’t as decentralized as advertised; and while Bitcoin is significantly more immune to these types of attacks compared to the altcoin projects out, there complacency isn’t an option. There are many things that can be done to ensure the network is as robust as possible against efforts by the state to curb bitcoin adoption and usage.