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Just require companies that interact with funds from Tornado Cash (or any other privacy coin) to get KYC documents and funds explanation from users. Not really
by monero-xmr 4y ago
Just require companies that interact with funds from Tornado Cash (or any other privacy coin) to get KYC documents and funds explanation from users. Not really any different than cash deposits at a bank - you don’t know where the money came from, so have a presumption of suspicion but enable the users with a legitimate reason for privacy to prove themselves.
The OFAC thing, Elizabeth Warren’s “anti crypto army” advertisement, hyperventilations about crypto being used for crime… all of this while regular banks collapsed and crypto is the financial success story of 2023. I think the government has overplayed their hand and hopefully courts intervene to limit it.
- simple-thoughts 4y agoTornado has those audit tools built in - if asked, you can prove the source of funds to a third party.