Summary
- Brian Armstrong, CEO of Coinbase, emphasized that privacy is very important for law-abiding users.
- CEO Armstrong stated that open source code cannot be sanctioned and expressed joy that the issue has been resolved.
- Coinbase expressed a desire to work with the Treasury to combat illegal activities in cryptocurrency.
Amid the removal of the cryptocurrency mixing protocol Tornado Cash (TORN) from the U.S. Treasury's Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list, Brian Armstrong, CEO of Coinbase, expressed his stance.
On the 21st (local time), he stated on X (formerly Twitter), "No one wants criminals to misuse cryptocurrency," emphasizing, "However, privacy is a crucial feature for law-abiding users."
He continued, "Open source code cannot be sanctioned," and expressed his pleasure that the issue has been resolved.
Additionally, he added, "We want to work with the Treasury to combat illegal activities in cryptocurrency (at a level of 0.1%, much less than cash or the traditional banking system) in a manner consistent with U.S. laws and values."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
