Dear community,
I have some TORN tokens and therefor I would like to understand how it is supposed to enforce conformance of tornado cash with FATF rules.
The last release of those rules has a whole chapter about prosecution of privacy coins/tools/chains…
Although the privacy is our right, we have to admit that there are really bad guys outsides who use tornado cash as a laundry (scam project creators, drug dealers and all sorts of other pigs, I even dont want to list but you understand what I mean).
How such non legitimate use could be prohibited?
If nothing will be done, I am shure appropriate regulatory institutions will not tolerate tornado cash. At minimum, all exchanges will delist it. At maximum they will try to find developers and prosecute them (see FATF report, where they clearly state it or its analysis by Coin Bureau on youtube).
May be it is worth to think about some option for DAO to open obviously non legit transactions (or whatever ideas you have).
But I am very sure that torn will be unable to develop and grow if it will regularly come in a headlines as a laundry for bad guys.
What do you think?
Thanks a lot