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India’s New Tax Bill Targets Digital Assets! ₹90 Crore Crypto Seized

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  • India’s 2025 Income Tax Bill grants sweeping digital access to authorities, sparking privacy fears among crypto users. The bill aims to close tax loopholes, targeting digital assets.
  • FM Sitharaman revealed ₹340 crore in illicit assets uncovered via digital footprints, including WhatsApp. The government defends the bill as crucial for combating tax evasion.
  • Crypto proponents in India criticize the bill’s surveillance powers, fearing it will deter legitimate investors. Despite concerns, India leads in global grassroots crypto adoption.

India’s FM Nirmala Sitharaman has unveiled the New Income Tax Bill, 2025, raising privacy concerns and fears of potential missuse of surveillance powers. As per reports, the proposed bill grants tax authorities unprecedented power to access digital spaces like emails, social media, bank transactions, business software, and trading accounts to detect tax evasion.

As the Indian government defended the bill, saying it is necessary to prevent tax fraud and detect illegal financial actitvites, crypto users are particularly alarmed. Many view the move as excessive and a broader effort to regulate the burgeoning crypto market. Despite scrutiny, India continues to lead the world in grassroots adoption of crypto, per Chainalysis Report.

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India's New Tax Bill Targets Digital Assets! ₹90 Crore Crypto Seized 2

Sitharaman, in her speech at Lok Sabha, revealed, how authorties detected ₹250 Cr in unaccounted cash and ₹90 crore in crypto assets via WhatsApp messages. She then highlighted the platform’s crucial role in exposing illicit activities and the individuals associated with it. Besides WhatsApp, digital footprints from Google Maps, and Instagram have also helped authorities in tracking illegal assets.

India Income Tax Bill 2025: Closing Tax Loopholes in the Digital Age

“These digital footprints are crucial for tax investigations and ensuring financial transparency,” she asserted. Old 1961 Act lacks digital scope, causing legal gaps. WhatsApp chats exposed ₹250Cr in unaccounted cash & ₹90Cr in crypto assets—proof the law needs updating.”

It needs to be mention that the Income Tax Bill, 2025, tabled on February 13, aims to modify and simplify tax laws, removing redundant sections. Secondly, it seeks to expand the definition of undisclosed income to include digital assets. If it gets the green light, the bill will be sent to the Select Committee and passed in the Monsoon Session.

While crypto proponents in India acknowledge the necessity of regulatory oversight, snooping down on digital spaces like overriding passwords and security codes amounts to privacy violation. Such excessive control might discourage legitimate investors and traders to partipate in the crypto market.

SEC Shifts Focus from Crypto Enforcement to Traditional Regulatory Concerns

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  • SEC shifts focus to insider trading and fraud, easing aggressive crypto enforcement.
  • Crypto probes now need SEC commission approval under tighter internal enforcement rules.
  • Paul Atkins’ confirmation could reshape U.S. crypto regulation toward a softer approach.

The U.S. Securities and Exchange Commission (SEC) has gradually changed its stance from extensive cryptocurrency enforcement. According to Sam Waldon, the acting enforcement director of the SEC, this change was announced on Monday as a new policy shift following years of aggressive regulation of the cryptographic asset market. Waldon stated that the SEC will focus its efforts on more traditional regulatory areas, such as insider trading, accounting fraud, and retail investor protection.

SEC Prioritizes Traditional Cases and Individual Accountability

At a securities industry event, Waldon emphasized that the SEC’s enforcement will increasingly prioritize long-standing concerns, including insider trading and fraud. According to Waldon, these focus areas align more with the agency’s standard regulatory framework. The acting director also underlined that the SEC will continue to pursue cases involving emerging technologies, including those that impact retail investors.

The shift toward individual accountability is a key element of the SEC’s new approach. Waldon noted that such cases are expected to gain traction with the current commission, which is keen to highlight wrongdoing at a personal level. The move signals a departure from the aggressive tactics of previous years, during which the SEC investigated numerous digital assets companies for alleged violations of securities laws.

Tighter Controls on Crypto Investigations and Future Oversight

Waldon also revealed that the SEC will tighten its internal processes, limiting enforcement staff’s ability to initiate formal crypto investigations without commission approval. While some see this as a restriction, Waldon played down the potential impact, stating that it is still early to assess how the changes will affect the agency’s work.

SEC enforcement activity for cryptocurrency received weaker support due to leadership changes by Paul Atkins under President Donald Trump. In a major agency restructuring phase the SEC changed its crypto enforcement stance and reduced legal actions against firms such as Ripple Labs and Kraken. The SEC focuses on developing regulatory standards for digital assets while taking less digital assets-based enforcement.

The confirmation of Paul Atkins would position him to guide the SEC through an essential period when the crypto industry faces regulatory changes. Under his leadership, the SEC would likely strengthen its new regulatory direction from the aggressive enforcement approach taken under former Chair Gary Gensler. Multiple industry experts predict his time as chair will establish a less rigid regulatory framework as it matches the Trump administration’s efforts to support digital asset investment and innovation.

Atkins’ nomination faces ongoing criticism from political leaders and regulatory agencies belonging to the Democratic Party. Issues persist regarding his connections to cryptocurrency-related firms whose potential conflicts might emerge during his role. His confirmation hearing on March 27 will decide important U.S. cryptocurrency regulatory policies because the SEC stands ready to lead major digital asset policy formation in the United States.

President Trump to Unveil U.S. Crypto Strategy at NY Summit

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  • President Trump will announce new crypto policies at the Digital Asset Summit.
  • He will deliver a recorded speech on March 20 at 10:40 a.m. ET.
  • This will be the first time a sitting U.S. president addresses a crypto event.

President Donald Trump will announce his next steps in U.S. crypto policy at Blockworks’ Digital Asset Summit in New York. The president will deliver a recorded address to attendees on March 20 at 10:40 a.m. ET. His speech will mark the first time a sitting U.S. president has spoken at a crypto-focused event.

Trump’s Crypto Policy and Strategic Initiatives

Since his inauguration, the Trump administration has highlighted that the United States should take the lead in technological advancements in cryptocurrency. As president he executed two executive orders to establish control over digital assets and create a Bitcoin strategic reserve fund. His administration demonstrates through these steps that it will lead the world in crypto adoption.

Executive Order 1 established a regulatory drafting team to develop regulations for crypto business management. The initiative creates frameworks that unite financial security measures with innovation strategies. The second executive order further established a strategic Bitcoin stockpile to demonstrate Trump’s view of its valuable strategic position.

Reports indicate that Donald Trump might publish another executive order to address de-banking problems affecting the Crypto space. The situation affects numerous businesses requiring banking services that cannot be obtained because of regulatory complications. The future executive order would work to provide crypto enterprises to equal opportunities to use bank services.

Upcoming Address and Key Expectations

Bo Hines, the Executive Director of the White House’s President’s Council of Advisers on Digital Assets, will make his statement before Trump delivers his address. Hines confirmed that the administration wants to integrate Bitcoin into the national reserve. According to his remarks, the government aims to enhance its authority within digital assets by implementing this plan.

Trump will deliver his speech without detailed specifics, which should reveal his regulatory positioning toward cryptocurrency. The Trump administration has maintained a constant push for legislative changes that stimulate blockchain technology investments. The speech intends to present decisive methods for digital asset support that aim to integrate them into financial structures.

The Digital Asset Summit is an essential event connecting industry leaders with policymakers to forecast the development of cryptosystems. Trump’s upcoming address will reveal his government’s position toward digital currencies. The speech will influence investor sentiment and guide industry sectors in forming their expectations.

Trump has repeatedly endorsed Bitcoin and digital assets through public addresses. In July 2024, he unveiled his national reserve strategies to the audience at the Bitcoin Conference. This event became a turning point that changed his perspective about cryptocurrency as he transitioned from doubting it to actively supporting it.

Vietnam’s Crypto Revolution: Legal Framework Incoming!

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  • Vietnam’s PM demands crypto laws now! $120 billion influx sparks urgent action, regulation incoming.
  • The nation explores new trading platform, aims to lead Asia’s digital asset revolution.
  • Young homebuyers might receive housing credit, affordable loans to boost economic growth.

Prime Minister Pham Minh Chinh thrust Vietnam into the crypto spotlight., outlining the need of a legal framework for digital assets within the month. The Ministry of Finance will lead the initiative, aiming to define and regulate cryptocurrencies like Bitcoin and Ethereum.

Currently, Vietnam do not specific rules, which is hindering businesses and pushing them towards foreign registration, costing the nation competitive edge and tax revenue.

Party General Secretary To Lam advocated for a controlled “sandbox” environment to establish a digital asset trading platform. PM Chinh supported this, tasking the Ministries of Finance and Science and Technology to finalize regulations by the second quarter.

Although Vietnam hasn’t banned cryptocurre­ncies, the nation is ranked among the top three crypto powerhouse across the world in 2021-2022, with 21% of its population owning digital assets. Chainalysis reported a $120 billion digital asset inflow into Vietnam in 2023, underscoring the urgency for regulation.

At the time, an absence of legal framework prompted Cao Dang Dinh, deputy director of the­ Ministry of Justice’s Civil Law Department, to highlight the urgency of addre­ssing this void.

Vietnam Sets Deadline by May 2025

As reported by TronWeekly earlier, the antion aims to establish a compre­hensive legal frame­work for crypto regulation by May 2025. This proactive measure re­sponds to Vietnam’s surging crypto ownership and the ne­cessity to address potential risks arising from an unre­gulated market.

A key player in the nation’s crypto scene is the Vie­tnamese central bank who will oversee the implementaion of crypto regulation. The­y would diligently investigates approache­s to prevent the illegal use­ of digital assets. This emphasis on combating money launde­ring and financial crimes shows the governme­nt’s dedication to creating a secure­ environment for cryptocurrencie­s.

Beyond crypto, PM Chinh ordered the State Bank of Vietnam to explore housing credit packages for young people under 35. He also pushed the central bank to monitor commercial bank interest rates, ensuring affordable loans for individuals and businesses, driving economic growth.

40,000 Watch as Cynthia Lummis:Demands Urgent Actions On Stablecoins

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  • Senator Lummis pushes for a bipartisan crypto framework to regulate stablecoins and market structure.
  • Over 40,000 people tuned in to the first subcommittee hearing on crypto regulation.
  • She proposes a U.S. strategic Bitcoin reserve to reduce national debt over 20 years.

Senator Cynthia Lummis is aggressively pursuing stablecoin regulation and adoption. Speaking at the first subcommittee hearing on crypto legislation, which drew over 40,000 viewers, Lummis underscored the urgency of establishing a bipartisan regulatory framework for stablecoins and market structure. She emphasized that early regulation is crucial as digital assets continue to grow.

With the crypto industry gradually gaining mainstream acceptance, the veteran senator stressed the importance of bipartisan collaboration to pass meaningful legislation. “If we are going to pass any crypto laws, we must have bipartisan support,” she stated. Cynthia Lummis has been a long-time advocate for digital asset regulation, arguing that the U.S. risks falling behind if it fails to act decisively.

Cynthia Lummis
Source: Jason Blair

Her efforts align with the party’s current moves. Newly appointed Crypto Czar David Sacks stressed stablecoin rules to keep the dollar strong and boost demand for U.S. Treasuries. He also announced a specialized SEC task force to improve crypto regulation and enforcement. The move fits with the U.S. GENIUS Act, which seeks to set clear crypto guidelines and encourage innovation.

Cynthia Lummis Initiated Early Talks On Bitcoin

Coming back to Lummis, the Republican senator, known for her pro-crypto stance, was among the first to pioneer a U.S. strategic Bitcoin reserve. Under her proposal, the United States would acquire 200,000 BTC annually for five years and hold it for at least two decades. The long-term goal? To cut the U.S. national debt in half over the next 20 years. This approach, if enacted, was deemed as a transformative shift in national economic policy, making Bitcoin a central asset in government reserves.

The idea of a Bitcoin reserve has already sparked debate among policymakers and investors. Supporters argue that Bitcoin could act as a hedge against inflation and a long-term economic stabilizer, while critics question the volatility and regulatory hurdles surrounding its adoption at a national level.

As the U.S. inches toward regulatory clarity, all eyes are on Cynthia Lummis and whether her vision for a stablecoin backed financial strategy will gain traction.

Senate Banking Committee to Hold Key Hearing on Crypto Regulations

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  • The U.S. Senate Banking Committee will hold a hearing on bipartisan crypto regulations on February 26.
  • Lawmakers will discuss stablecoin regulations, market structure, and a potential strategic Bitcoin reserve.
  • Industry experts from Kraken and Lightspark will provide insights on regulatory clarity and innovation.

The U.S. Senate Banking Committee will hold a hearing on February 26 to discuss bipartisan crypto regulation frameworks for digital assets. The session aims to provide clear guidelines for the crypto industry amid growing regulatory concerns and stalled legislative efforts. Lawmakers will address market structure, stablecoin regulations, and the potential establishment of a strategic Bitcoin reserve.

Senate Banking Committee to Revisit Crypto Regulation

The Senate Banking Committee, led by Senator Tim Scott, will assess how regulation can foster innovation while ensuring financial stability. Industry experts from Kraken and Lightspark will provide insights on balancing oversight with economic growth. The committee aims to position the U.S. as a leader in digital finance by shaping a practical regulatory framework.

Witnesses include Lewis Cohen from Cahill Gordon & Reindel LLP, Jonathan Jachym from Kraken, and Jai Massari from Lightspark. They will discuss compliance measures and the impact of current regulatory actions on the industry. Additional speakers may be added to the panel before the hearing.

The hearing will be hybrid, allowing both in-person and virtual participation. It will be webcast live, but access will be granted only once proceedings begin. Individuals needing accessibility services must contact the committee clerk three business days in advance.

Crypto Subcommittee Formation and Leadership

The Senate Banking Committee is set to establish its first crypto subcommittee, with Senator Cynthia Lummis expected to lead. This move follows the House Financial Services Committee’s creation of a similar subcommittee in 2023. Lawmakers believe this initiative will provide more focused oversight and legislative direction for digital assets.

Senator Scott has prioritized forming the subcommittee to streamline discussions on crypto-related policies. The committee oversees financial agencies like the SEC, making this step crucial in shaping future regulations. The subcommittee’s creation signals a shift toward structured policymaking for the digital asset sector.

Lummis has actively supported pro-crypto policies and previously advocated for clearer regulatory guidelines. She recently filed an amicus brief backing Coinbase’s appeal against the SEC, challenging the agency’s authority in crypto enforcement. Her leadership in the new subcommittee may bring more clarity to regulatory discussions.

Potential Impact on U.S. Crypto Regulation

The hearing is critical for the industry, as regulatory uncertainty has slowed growth and investment. Lawmakers will discuss bipartisan solutions to establish a balanced approach that encourages innovation while protecting consumers. A well-defined framework could position the U.S. as a competitive player in the global crypto economy.

President Donald Trump’s administration has expressed support for reducing regulatory overreach in the crypto space. Lummis has backed Trump’s proposal for a strategic Bitcoin reserve, emphasizing its role in financial stability. If lawmakers align on key crypto regulations, the hearing could pave the way for a more structured regulatory landscape.

SEC and CFTC Explore Strategic Collaboration to Strengthen Crypto Regulation

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  • SEC and CFTC aim to revive a joint committee for clearer crypto regulation.
  • Brian Quintenz’s CFTC appointment signals a pro-crypto shift in U.S. oversight.
  • Crypto market cap rises to $3.18 trillion amid regulatory discussions and shifts.

The United States Securities and Exchange Commission and the Commodity Futures Trading Commission are reportedly developing joint regulations for cryptocurrency markets. The two agencies are exploring ways to revive the CFTC-SEC Joint Advisory Committee (JAC) from its inactive status since 2014. The body was initially formed in 2010 to resolve shared regulatory issues. The proposed reforms for the committee occur as the regulatory environment evolves since regulators aim to establish better clarity around digital assets.

The revived committee will establish better cooperation between the SEC and CFTC regarding their shared responsibilities for crypto asset regulation. These agencies plan to work jointly to resolve emerging jurisdictional questions affecting digital asset prominence in financial markets. The agencies’ combined efforts would create better mutual understanding between the officials and produce more transparent regulatory guidance for market participants.

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SEC and CFTC Explore Strategic Collaboration to Strengthen Crypto Regulation 5

Leadership Changes Signal Shift in Regulatory Focus

The SEC and CFTC demonstrate their combined efforts following recent leadership transitions at both organizations. Mark T. Uyeda assumed the SEC chair role acting after Gary Gensler left his position. Additionally, investors in the crypto sphere expect Paul Atkins to bring a more favorable approach toward digital currency. The community is currently considering him to take over the agency. The pro-crypto stance of candidate Paul Atkins means he could establish beneficial new strategies toward blockchain technology and digital assets during his potential tenure.

Furthermore, Brian Quintenz’s appointment to the CFTC represents a major development that favorably impacts the crypto industry. Before joining a16z, Quintenz served as chief of crypto policy, where he demonstrated continuous support for defined regulations governing digital assets. Under this appointment, the CFTC leadership might create a structured framework that enables innovation and investor safeguards.

Ongoing Legal Moves and Market Reactions

The ongoing crypto regulatory exploration between agencies occurs alongside legal sector proceedings that question enforcement methods. For instance, SEC and Binance submitted a request for sixty days of suspension of legal proceedings as their case progressed, which sparked theories about similar delays affecting major existing lawsuits. The SEC’s enforcement direction might transform due to new leadership as they inspect alternative litigation methods instead of maintaining aggressive investigation activity.

The crypto market capitalization has increased to $3.18 trillion, representing a total market growth of 1%. Bitcoin’s price remains at $96,100, having risen 0.3% last day. According to the Crypto Fear and Greed Index, consumer sentiment in the market has transitioned from fear to neutral.

Crypto Giants Upbit, Bithumb Unleash Massive $2.5M User Compensation

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  • Upbit allocates 3.14 billion won for compensation.
  • Bithumb sets aside 377 million won for users.
  • FSS ensures upgrades, scrutinizes AML policies.

South Korea’s premier crypto exchanges, Upbit and Bithumb, have committed to paying out over $2.5 million in compensation. This decision comes in the wake of severe technical disruptions that left countless users at a standstill during a crucial trading period last December.

South Korea’s Crypto Giants Commit to Major Payouts

In a landmark settlement, South Korean crypto exchanges Upbit and Bithumb will pay over $2.5 million to users. This compensation addresses losses from system disruptions during an unprecedented surge in trading activity. The payout is the largest of its kind in South Korea’s cryptocurrency market history.

Both exchanges suffered significant technical failures last December when an unexpected martial law announcement drove a massive increase in user traffic. Upbit experienced a user surge from 100,000 to 1.1 million, resulting in 99 minutes of downtime. Meanwhile, Bithumb faced 62 minutes of service disruption, during which users were unable to execute trades or withdraw funds.

The massive influx of users caused considerable service interruptions, and Bitcoin’s value plummeted. Consequently, Upbit has allocated over 3.14 billion KRW to compensate 596 cases, while Bithumb will distribute 377 million KRW across 124 cases. These compensations are under final discussions, and the total may slightly increase upon conclusion of these talks.

Regulatory and Compliance Issues Facing the Exchanges

South Korea’s Financial Supervisory Service (FSS) has intensified its scrutiny of the exchanges, especially after the disruptions late last year. The FSS is focussed to ensure that both platforms fulfill their commitments to upgrade server capacities and enhance emergency response protocols. Additionally, regulators are focusing on Upbit for potential violations of anti-money laundering rules and shortcomings in its customer verification processes.

The Financial Intelligence Unit (FIU) has recently issued a notice to Upbit, potentially suspending its operation for up to six months. Even though existing customers could continue trading, a suspension could prevent the exchange from adding new users. Upbit must respond to these allegations by January 20 to avoid suspension.

South Korea’s Crypto Regulation Outlook

Financial authorities have emphasized the need for robust institutional frameworks to protect investors following these challenges in South Korea’s cryptocurrency market. The authorities have urged exchanges to take practical measures, such as server expansions and improved business continuity planning, to prevent future failures. 

These developments underscore the growing challenges in a rapidly changing digital asset marketplace, highlighting the critical balance between innovation and user protection in the fintech sector.

South Korea’s Crypto Shift: Corporations, Stablecoins, and New Regulations

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  • South Korea plans to allow corporations to invest in crypto by enabling corporate real-name accounts tied to exchanges.
  • Regulators accelerate efforts on stablecoins and second-phase crypto legislation to align with global policy shifts.
  • The FIU is reviewing potential sanctions on Upbit for violating KYC rules and engaging with unregistered businesses.

The South Korean regulators are planning to come up with new measures to allow corporations to engage in the buying of cryptocurrencies. The government is also ramping up efforts to address stablecoins and continue the second phase of the crypto bill.  

Global Shifts and Crypto Regulation

According to a recent report, Mr. Kim Byung-hwan, Chairman of the Financial Services Commission (FSC) provided the following information at the press conference on 22 January. The change of the global crypto policy due to the second Trump administration has led to South Korea accelerating the process of regulating the crypto market.  

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Source: Financial Services Commission

Kim underlined the importance of the development of the industry as well as the protection of investors. ”We have heard concerns about how the virtual asset industry should be developed, and how investors should be protected,” he said. However, Kim pointed out that the US is expected to be more aggressive in its approach to crypto, which may put pressure on South Korea to move faster on regulation.  

A new change in the coming months is the ability of corporations to establish real-name accounts related to virtual asset exchanges. Neither of these accounts can be used by businesses at the moment, which means that companies cannot easily invest in crypto. The FSC is trying to extend the ban on the accounts step by step to allow corporate accounts.  

Stablecoin Legislation Acceleration

Officials are also working to quickly create a legal framework for stablecoins since these types of tokens are becoming more popular. These digital assets, anchored to fiat currencies such as the US dollar have been a focus of the second wave of crypto legislation. Kim said that the second phase would be dedicated to stablecoins which had not been fully examined in the first phase. “We will speed up this process,” he said.  

Other than these policy changes, Kim was also questioned on the sanctions check by the Financial Intelligence Unit (FIU) on Upbit, one of South Korea’s biggest exchange. Upbit has acted contrary to the Know Your Customer (KYC) norms and has engaged in transactions with unregistered companies. The FIU is still considering possible measures at the moment. The country has been quick to establish better regulations and this could send the market into a new direction in the next few years.

Legal Victory for Tornado Cash: Court Overturns Harsh OFAC Sanctions

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  • U.S. District Court reverses OFAC sanctions against Tornado Cash.
  • Developer Pertsev remains under arrest for money laundering.
  • Ruling signals potential shift toward innovation-friendly crypto regulation.

A U.S. District Court has ruled in favor of Tornado Cash, overturning sanctions imposed by the Treasury Department in 2022. However, developer Alexey Pertsev continues to face charges of money laundering in the Netherlands.

U.S. Court Reverses Sanctions Against Tornado Cash Protocol

The U.S. District Court for the Western District of Texas has reversed sanctions against Tornado Cash, a cryptocurrency mixing protocol. This ruling comes after the U.S. Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions in August 2022. OFAC had accused Tornado Cash of assisting North Korea’s Lazarus Group in laundering more than $455 million worth of stolen digital assets.

Tornado Cash
Legal Victory for Tornado Cash: Court Overturns Harsh OFAC Sanctions 8

The court’s ruling marks a major victory for privacy-focused technologies, which have been under scrutiny in recent years. Experts view the ruling as a potential shift in crypto regulation toward more innovation-friendly policies. The reversal signals a change in the way authorities handle decentralized platforms and privacy-focused technologies in future.

Tornado Cash’s legal battle highlights the ongoing debate over responsibility in decentralized systems. Tornado Cash is a decentralized, non-custodial service that enables users to mix cryptocurrency transactions for privacy reasons. However, the service has been linked to illicit activities, raising concerns among regulators about its potential to facilitate money laundering.

No Reprieve For Tornado Cash Developer 

However, Tornado Cash developer Alexey Pertsev remains under arrest in the Netherlands. Pertsev faces money laundering charges from the operation of the service. He was convicted in the s-Hertogenbosch Court of Appeal and sentenced to five years and four months in prison for allegedly laundering $1.2 billion worth of illicit assets.

Pertsev argues that he should not be held accountable for the illegal activities conducted by users of the Tornado Cash protocol. He argues that the platform, being non-custodial, did not control or hold the funds in question. However, the court rejected his defense, stating that if the developers truly wanted to prevent criminal misuse, they should have implemented additional security measures.

Reversal of OFAC Sanctions Could Shape Crypto Regulation

The reversal of the sanctions against Tornado Cash could set a precedent for future legal battles involving privacy-oriented technologies. The court’s decision might encourage other innovators in the crypto space to continue developing privacy-focused solutions without the fear of similar sanctions. However, Pertsev’s legal challenges demonstrate that crypto developers are not out yet of legal risks.

The future of decentralized finance and privacy protocols remains uncertain in the legal landscape. However, the balance between protecting privacy and preventing criminal activity will continue to shape the future of crypto regulation.