"Dirty Money Can Be Distinguished! Vitalik and Others Release Whitepaper: Balancing Blockchain Privacy and Regulatory Compliance"
Ethereum co-founder Vitalik Buterin, Chainalysis' Jacob Illum, Matthias Nadler and Fabian Schär from the University of Basel, and Ameen Soleimani from Privacy Pools have jointly released a whitepaper titled "Balancing Blockchain Privacy and Regulatory Compliance."
Table of Contents
Vitalik and Team Release Blockchain Privacy and Compliance Whitepaper
Privacy Pools are said to enhance the design of mixers. While the previous mixer, TornadoCash, allowed users to maintain privacy, it was also abused by malicious actors.
Privacy Pools enable users to maintain privacy while proving that their funds originate from specific deposit subsets, allowing them to avoid subsets with known illicit deposits. These subsets can be curated by various entities and offer flexibility based on regulatory environments and user needs.
1/ New privacy paper with @VitalikButerin, Jacob Illum (@chainalysis), @mat_nadler, @fschaer!https://t.co/ovH1iYXXY6
We explored new compliance opportunities made possible by https://t.co/Nt4b2Tgx1D, where users can provably dissociate from illicit funds.
story below 🧵👇 pic.twitter.com/Tq0zYfbwlL
— Ameen Soleimani (@ameensol) September 6, 2023
Related
- TIA shrinks by 70%, Celestia Foundation still raises $100 million in new funding
- MakerDAO renamed to Sky: Behind the Scenes! Account with a six-figure USD value almost fell into the hands of hackers.
- USDd has had 750 million TRX worth of Bitcoin reserves taken away. Justin Sun: The collateral ratio is high, and everyone can freely withdraw.