According to the Dutch Fiscal Information and Investigation Service (FIOD), Tornado Cash code may be punishable by law 😬
in the cryptosociety. It even prompted the Ethereum community to start considering the centralization issues of the Merge.A statement published by the DeFi Education Fund Twitter account clarifies the position of the Dutch Fiscal Information and Investigation Service , the agency that requested Pertsev's arrest.
“Tornado Cash was routinely used for legitimate purposes. While we are still waiting for the specific charges against the developer to be released, the following must remain clear: Writing and publishing code must be protected in free societies and privacy is not a crime."that it is investigating independently of the US Office of Foreign Assets Control . Further arrests over the Tornado Cash fallout are not ruled out.
While Tornado Cash has seen significant use by hacker groups from North Korea, it was to a large degree utilized for legitimate purposes. This helps explain the outcry from Crypto Twitter, which even led to discussions whether the Merge should be delayed due to centralization risks. This article contains links to third-party websites or other content for information purposes only . The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breakingviews - Payments star’s crash highlights investor myopiaEuropean technology star Adyen’s share-price meltdown exposes investors’ short-termism. The 50 billion euro Dutch payments company on Thursday reported a 59% EBITDA margin for the first half of the year, below analysts’ expectations of over 60%. More hiring and rising staff travel costs are to blame. The bad news on profitability overshadowed a racy 37% year-on-year rise in revenue, to 609 million euros over the six-month period. Adyen’s shares dropped 12%.
Read more »
Dogechain Launched, DOGE Pumps on Memecoin Trading Excitement | CoinMarketCapMemecoin traders are rejoicing as a faux L2 called Dogecoin led a DOGE market rally 🐕
Read more »
Crypto Banks on Track to Receive Upgrade by New Federal Reserve Guidelines | CoinMarketCapThis could be the mass adoption of crypto that everyone is talking about... 👀
Read more »
Financial Times: Celsius CEO Mashinsky Traded Company Bitcoin Personally | CoinMarketCapThe troubled crypto lender may have not been helped by its CEO's trading decisions, according to a Financial Times report 😶
Read more »
Two New Crypto Brokerages Launched in Brazil | CoinMarketCapBrazil's largest investment bank and one of the country's largest brokerages launch crypto trading platforms.
Read more »
Meta Launches Horizon Worlds, Gets Ridiculed by Crypto and Tech Twitter | CoinMarketCapHorizon Worlds was launched in the U.S. and Canada last year, as well as in the UK in June. It is said to be working on a web version in addition to its VR version. 🎮
Read more »