iHodl.com
Main page News, Crypto Market, Regulations

CoinJoin, a semi-decentralized mixing protocol for bitcoin (EXANTE: Bitcoin), is now blacklisting cryptocurrency tied to illegal activity. Being part of the Wasabi Wallet, the protocol from now on will start blocking cryptocurrency tagged with dirty crypto.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

A Twitter user Rafe tweeted that the Wasabi team is thus trying to "protect the company and the project by minimizing the amount of these hackers and scammers using the coordinator and getting us in trouble."

"This should be in the rights of the company to do but believe me, none of us are happy about this," Rafe added.

With the latest update, CoinJoin will be blacklisting transactions involving the zkSNACKs coordinator. However, the blacklisting does not work with other alternative coordinators. The move comes after the US authorities asked crypto exchanges to help prevent the use of digital currencies to circumvent sanctions imposed on Russian individuals and organizations.

FinCEN Warns Russia Could Use Cryptos to Evade Sanctions

According to reports, the White House National Security Council and the US Department of the Treasury asked operators of the world's largest decentralized crypto platforms to stop any attempts to circumvent restrictions imposed by the US and its partners following the Russian military operations in Ukraine.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.