Cointelegraph - A recent academic paper warns that governments may increasingly target privacy-preserving cryptocurrencies to combat money laundering, urging users to stay vigilant as regulatory pressures, like those affecting Monero, intensify

in blockchain •  3 months ago 

https://cointelegraph.com/news/academic-paper-suggests-state-actors-attack-privacy-chains
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A recent academic paper emphasizes that governments may target privacy-preserving cryptocurrencies to combat money laundering, though such measures should be used as a last resort after other regulatory tools are exhausted.

The paper discusses methods to undermine trust in blockchain networks, potentially affecting user confidence and price stability, as highlighted by theories of manipulation in Monero's market.

Users should remain vigilant about the growing government focus on privacy-enhancing tools, as recent legal actions, like those against Tornado Cash, reflect increased scrutiny and regulatory pressure on these services.

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