Re:Arrest of suspected developer of Tornado Cash
by ChrisLomont on Friday August 12, 2022 @08:05AM
(#32437214)
>Tornado Cash was certainly not designed with the intent of criminal activity, but for privacy
Again, claims of privacy is not enough magic to make them free from legal requirements for money laundering laws. Privacy claims do not make banks immune from money laundering. Privacy claims do not make anyone free from meeting legal requirements.
>those are purely conjecture
The above states ~1/7 of all money flowing through can be tied to criminal behavior. If true, that's an astounding ratio that would rightfully put a bank out of business and key players in prison.
Again, claims of privacy is not enough magic to make them free from legal requirements for money laundering laws. Privacy claims do not make banks immune from money laundering. Privacy claims do not make anyone free from meeting legal requirements.
>those are purely conjecture
The above states ~1/7 of all money flowing through can be tied to criminal behavior. If true, that's an astounding ratio that would rightfully put a bank out of business and key players in prison.