DOJ’s Intense Scrutiny on Privacy Apps Ignites Discussion on Cryptocurrency Security: Impact on Bitcoin (BTC)

• The US Department of Justice (DOJ) crackdown on Wasabi Wallet’s coinjoin service has sparked concerns about digital privacy.
• Whistleblower Edward Snowden criticises the slow progress on Bitcoin privacy by developers.
• Privacy advocates, including Naomi Brockwell, urge developers to find solutions for anonymous transactions.

The DOJ’s recent crackdown on Wasabi Wallet’s coinjoin service has raised concerns about financial privacy in the digital age. This article explores the implications of this action and the ongoing debate about privacy in the cryptocurrency sector.

DOJ’s Crackdown on Privacy App Wasabi Wallet

The DOJ’s recent action against the privacy-focused Wasabi Wallet has sparked a heated debate about financial privacy in the digital age. The wallet, which had been offering a Coinjoin Coordination service, announced its discontinuation effective June 1st, 2024. This move came as a response to the DOJ’s crackdown, which has been criticized by several privacy advocates, including Naomi Brockwell, who stressed the importance of financial privacy for a free society on Twitter.

Edward Snowden Criticises Slow Progress on Bitcoin Privacy

Edward Snowden, a well-known figure in the world of cryptocurrencies and privacy, joined the conversation, using the Wasabi wallet... Read the full article for FREE at COINOTAG!