DOJ crackdown on Wasabi Wallet’s coinjoin service raises digital privacy concerns.
Whistleblower Edward Snowden criticises slow progress on Bitcoin privacy by Developers.
Privacy advocates urge developers to find solutions for anonymous transactions.
DOJ’s Crackdown on Privacy App Wasabi Wallet Raises Concerns About Financial Privacy in Digital Age. Privacy-focused Wasabi wallet has shut down its Coinjoin Coordination service. Naomi Brockwell, a cryptocurrency and privacy advocate criticized the DOJ’s action on Twitter, stressing the importance of financial privacy for a free society.
This week the DOJ criminalized the devs of an app that restores financial privacy. Financial privacy is essential for a free society.I had a brief chat back in 2020 with @Snowden about the need for privacy in bitcoin.https://t.co/FBDSqqpvXJ pic.twitter.com/X2nNPJYSgc
— Naomi Brockwell (@naomibrockwell) May 3, 2024
zkSNACKs, the company behind the development of Wasabi Wallet tweeted that it is is discontinuing its conjoin coordination service effective June 1st, 2024, after years of dedicated work to enhance Bitcoin’s privacy.
Privacy Advocate Edward Snowden who has always been a famous figure in the world of cryptocurrencies and privacy joined the conversation. Snowden used the Wasabi wallet discontinuation tweet as a reference to indicate Bitcoin Developers that the clock on Privacy is ticking as the DOJ is criminalising Privacy-focused developments in the industry.
Going back in the 2020 conversation, Snowden and Brockwell discussed the need for privacy in Bitcoin and other digital currencies. Snowden, a champion for privacy and freedoms, questioned the slow progress on issues like scaling and privacy within the cryptocurrency ecosystem. He pointed out the weaknesses in existing cryptocurrencies, including Bitcoin, regarding privacy protections.
Brockwell’s tweet aligns with Snowden’s concerns, as the DOJ’s crackdown highlights the ongoing struggle to ensure financial privacy in the digital age. Snowden argues that developers have had ample time to address these issues but haven’t provided viable solutions, reflecting a broader sentiment within the cryptocurrency community.
The post DOJ Crackdown on Privacy App Sparks Debate on Digital Financial Privacy appeared first on Coin Edition.
