Ameen Soleimani is working to create a sequel of Tornado Cash, which will be also allowed for the US-based crypto investors at least until US authorities will take any action.
Tornado Cash is a popular Ethereum blockchain-supported crypto mixing platform, which was popular in the crypto sector. In late 2022, the US OFAC imposed a ban on the use of Tornado Cash. According to US authorities’ investigation, bad actors used Tornado Cash to launder huge amounts of money easily even though the Tornado devs team was there to prohibit the engagement of bad actors. At that time, many dominant people in the crypto sector opposed the US OFAC sanction on Tornado.
Ameen Soleimani, one of the early Tornado Cash contributors, announced that he is very near to launching a new crypto mixing tool “Privacy Pools”
Early Tornado Cash contributor Ameen Soleimani created the Primacy Pools, which allows users to send and receive coins anonymously, and added features that allow users to publicly prove that they are not North Koreans or other types of criminals. Decrypt https://t.co/7ppe4Yjz0x
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
— Wu Blockchain (@WuBlockchain) March 3, 2023
Privacy Pools is an alternative to Tornado Cash but with new features.
Hey @chainomics & @mat_nadler, any chance you're around at ETH Denver?
I have something to show you
https://t.co/9nAU3RrOfl
— ameen.eth (@ameensol) March 3, 2023
Through this new anonymous focussed crypto wallet, users will able to receive crypto funds anonymously & also will be able to send that funds with full anonymity but when users click the option to withdraw funds, they can generate a zero-knowledge proof which publicly shows they are not using a criminal blockchain address, but without revealing who they are.
It is worth noting that the new crypto mixer will not restrict its users from receiving any illegal activities linked crypto transactions, so basically, this platform is also neutral & bad actors will still be able to launder funds. So if the core team behind this new crypto mixer platform can introduce restrictions on illegal Crypto transactions then surely it will not face any legal hurdles.
Read also: An SEC staff claims BinanceUS operating as unregistered securities exchange
Tornado Cash contributor launches best Tornado alternative
https://bitcoinik.com/tornado-cash-contributor-launches-best-tornado-alternative/feed/
https://bitcoinik.com/tornado-cash-contributor-launches-best-tornado-alternative/feed/
