The NCA called for the regulation of cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. mixing technology, believing that criminals can use it to legitimize illegal transactions.
LaAgencia Nacional contra el Crimen (NCA) of the United Kingdom has requested the regulation of cryptocurrency mixing technology which can disguise otherwise traceable transactions on the blockchain, according to a report from the Financial Times.
Also known as “CoinJoin” , criminals can use cryptocurrency mixers to disguise the origin of the cryptocurrency through multiple parties contributing many inputs to a transaction, obfuscating the details of its origin.
“They can be used to provide a ‘layering’ service, beating criminal cash that obscures its origins and audit an audit is a process where developers inspect the underlying code and/or algorithm that compose systems and applications. trails, similar to how criminals can use the cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. business to legitimize cash through the banking system.” Gary Cathcart, the NCA’s head of financial research, said in an interview with Financial Times today.
Ojo: no se trata de prohibición. La NCA has said he is aiming for regulation that would require blenders to comply with money laundering laws, performing client a client is software that can access and process blockchain transactions on a local computer. A common application of this is a cryptocurrency software wallet. checks and fund audit trails by exchanging hands on your platforms.
The use of CoinJoin reached a peak of 65,000 BTC ($2.25 billion) in January 2021, which is equivalent to 0.35% of the total number of transactions of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. ese mes, dijo Coindesk.
Measures in the United Kingdom
It’s worth noting that the UK has had some crackdowns lately affecting the crypto ecosystem. For example, on Friday, March 11, the UK’s Financial Conduct Authority (FCA). ordered all operators of cryptocurrency ATMs in the nation to immediately shut down their ATM equipment for consumers if they want to avoid legal action.
It states that cashiers must be registered with the FCA, and none so far are. It hasn’t been the only action in reference to cryptocurrencies that the FCA has made lately. Just this month, it reported that was investigating at least 50 cryptocurrency companies and has reviewed over 300 cases involving digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets.
The United Kingdom also announced in January that it would further tighten its policy on cryptocurrency advertising, primarily to prevent misleading promotions and protect consumers.
Billetera Wasabi prohibits
Likewise, crypto exchanges and wallet developers like Wasabi have responded to the crypto mix by banning transactions from their services that facilitate CoinJoins.
zkSNACKs the company behind the wallet Wasabi, said just two days ago that it will ban the privacy transactions known as CoinJoins, according to a tweet from Wasabi Wallet a place where cryptocurrency users can store, send and receive digital assets. published on Sunday:
The zkSNACKs coordinator in blockchain technology, a coordinator is a specialized client that allows nodes to verify the validity of their copy of the ledger against specific transactions. will start refusing certain UTXOs from registering to coinjoins. pic.twitter.com/X3kBuQwieO
– Wasabi Wallet (@wasabiwallet) March 13, 2022
According to a report by Coindesk, a developer of Wasabi said the move was necessary to prevent hackers and fraudsters from using the service and to keep the company out of unspecified (presumably legal) “trouble”. The move underscores the challenges faced by centralized a centralized organizational structure is one in which a single node or a small number of them are in control of an entire network. companies that provide services created to facilitate interaction with a decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. ecosystem.
Version of DiarioBitcoin
Imagen de Unsplash