ZkSNACKs Announces Sunset of CoinJoin Service in Response to Regulatory Measures

Thursday, 2 May 2024, 19:07

ZkSNACKs has announced the cessation of its CoinJoin service on June 1 as a strategic move to address the increasing regulatory scrutiny by U.S. authorities on blockchain privacy technologies. This decision reflects ZkSNACKs' ongoing efforts to navigate the evolving regulatory landscape and maintain compliance with stringent regulations. The shutdown of the CoinJoin service underscores the challenges faced by companies in the cryptocurrency sector when balancing innovation and regulatory compliance.
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ZkSNACKs Announces Sunset of CoinJoin Service in Response to Regulatory Measures

ZkSNACKs to Sunset CoinJoin Service Amid US Crackdown

ZkSnack is shutting down CoinJoin on June 1, marking its latest attempt to appease U.S. authorities amid their crackdown on blockchain-based privacy tech.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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