Privacy coins have been a contentious part of the crypto industry for a long time. Recent events have put the spotlight back on this controversial crypto niche, and not in a good way. This is a problem because financial privacy is a prerequisite for financial freedom.
This is one of the many ideas that was discussed in a somewhat forgotten report about privacy coins written by internationally recognised law firm Perkins Coie in 2020. It was pinned to Monero’s Twitter page until a few days ago, and that’s for a very good reason.
In short, privacy coins can be compliant with existing laws, and in some jurisdictions like the United States and the United Kingdom, privacy coins are no different than other cryptocurrencies under the law. This is because regulation doesn’t happen on blockchains.
Given that privacy seems to be the next battlefield for cryptocurrency, it’s important to know the facts when it comes to this sort of stuff.
I definitely consider this report to be extremely important, and I reckon you’ll understand why by the end of the video.
⛓️ 🔗 Useful Links 🔗 ⛓️
► Perkins Coie Privacy Coin Report: https://www.perkinscoie.com/en/news-i…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.