The Weiss Agency: governments should not restrict anonymous coins

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2018-08-14 17:45:07

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The Weiss Agency: governments should not restrict anonymous coins

In may, the financial services Agency of Japan (FSA) to put pressure on the cryptocurrency exchanges for trading ban anonymous cryptocurrency , Dash and zcash for. A few days later some sites do exclude coins from listing.

I Think, in the rating Agency Weiss acknowledged Monero, Dash and zcash for the best solution for people who want to maintain the confidentiality of the transaction and to avoid surveillance of their assets. About it writes .

How to use anonymous cryptocurrencies

Governments are waging a war for cash, trying to keep all the liquid assets under the roof controlled by financial institutions, said the Agency. The two main risks in such a situation is the seizure of assets and invasion of privacy.

The DLT in terms of anonymous coins is a technology to guarantee anonymity and confidentiality of voters, which are necessary to conduct truly fair and democratic elections. Thus, DLT, allowing screening of a transaction, can also be used to create fast, efficient, anonymous and secure voting system.

However, the government is unlikely to allow widespread use of this technology because DLT can protect transactions of the user even from the security services, believe in the organization.

In the case of anonymous coins is the only thing you can learn is their capitalization and total transaction volume. Information about who and how to translate a specific amount of money will remain available.

In Weiss noted that the ban Monero, zcash for Dash and will not prevent the scammers to use coins. However, it will hurt the good citizens that use coins in an attempt to avoid total control by the state.

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