Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: Galaxy on May 28, 2021, 12:42:54 PM

Title: FinCEN Wants to Discuss zk-SNARKs to Keep Americans Safe
Post by: Galaxy on May 28, 2021, 12:42:54 PM
FinCEN is set to host a workshop on privacy-enhancing technologies and illicit finance. The US Financial Crimes Enforcement Network (FinCEN) will host a workshop this September on how to counter illegal activity encrypted by privacy tech. Crypto is top of the agenda.

FinCEN wants to address zero knowledge proofs, also known as zk-SNARKs. zk-SNARKs are a form of cryptography that are foundational to many of the crypto industry’s privacy coins—including ZCash. Source
 (https://decrypt.co/72175/fincen-turns-focus-to-privacy-technologies-like-zk-snarks)