Recommended Watch: TORNADO CASH Crackdown: What Is Going On? 🤔 (youtube.com)
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Links:

Twitter thread about potential legal implications:
https://twitter.com/BowTiedIguana/sta...

Treasury Press Release: https://home.treasury.gov/news/press-...


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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.


#crypto #cryptocurrency #coinbureau
    • 1
    Francisco Gimeno - BC Analyst Guy again at his best analysing the Tornado Cash Crackdown. It's very easy. A tool which allows privacy in crypto transactions but is also used by bad actors in the industry, like sanctioned institutions, persons or even countries. So, the centralised crypto industry together with governments go hard against those using this platform and there are many legal implications here, starting with US citizens, or US companies. There are some ethical problems which Guy note. Let's remember this: criminals or bad actors will continue using this and that tool, so the real damage can be done to individuals who are just using this platform, users, miners, companies which do normal business. Again the problem of privacy against security, and the tricky question of what is decentralisation in the digital market. All in a context where the big laundering is made not through crypto but through traditional financial institutions including banks.
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