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Ban on Crypto Privacy Tools Would Be Counterproductive: UK Think Tank

Ban on Crypto Privacy Tools Would Be Counterproductive: UK Think Tank

In brief

  • A RUSI paper based on a public-private roundtable discussion has called for greater collaboration between privacy tool developers and law enforcement.
  • Participants at the roundtable repeatedly stressed that banning privacy solutions, such as privacy pools and ZK-proofs, would simply make illicit activity harder to detect.
  • The paper highlights several legitimate uses for privacy solutions, including company confidentiality and protection for potential wrench attacks.

A report from the world’s oldest defense and security think tank has warned against banning blockchain-based privacy tools, arguing that blanket prohibition would merely result in bad actors using noncompliant services.

In a paper titled, ‘Privacy-Enhancing…

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