A16z Crypto’s comments come weeks after Roman Storm was found guilty of charges linked to his mixing service Tornado Cash, which masks the origin and destination of crypto.
The crypto-focused investment arm of venture capital firm Andreessen Horowitz argued that modern cryptographic techniques, such as zero-knowledge proofs, can protect user privacy and still allow law enforcement to crack down on bad actors.
In a report on Tuesday, a16z Crypto policy partner Aiden Slaven and regulatory counsel David Sverdlov said that ZK-proofs, which verify the authenticity of data without disclosing any detailed private information, have the “greatest potential” by showing the origin of funds, but without publicly revealing private information.
Their report came only two weeks after Roman Storm, the co-founder of the crypto mixing service Tornado Cash, which allows users to mask the origin and destination of cryptocurrency, was found guilty of charges related to conspiracy to run an unlicensed money transmitting service.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments