DOJ’s Privacy Invasion: Crypto Wallets Under Threat, Sparking Digital Rights Debate – Implications for Bitcoin (BTC)
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- The US Department of Justice (DOJ) has recently taken actions that have sparked a debate on the future of financial privacy.
- The crackdown on Wasabi Wallet’s service has raised significant concerns among privacy advocates and crypto users.
- Notable figures like Edward Snowden have weighed in on the implications for Bitcoin’s future.
The DOJ’s recent actions against Wasabi Wallet have ignited a debate on financial privacy, with crypto community leaders voicing their concerns.
DOJ’s Crackdown on Wasabi Wallet
Wasabi Wallet, known for its privacy-focused features, recently announced the shutdown of its Coinjoin coordination service. This service was integral to enhancing user anonymity by mixing details of multiple transactions to obscure the trail back to the fund’s original source. The decision came after heightened scrutiny from the DOJ, which has increasingly focused on privacy tools under the guise of preventing illicit financial activities.
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