Ban on Crypto Privacy Tools Would Be Counterproductive: UK Think Tank

In brief

• A RUSI paper based on a public-private roundtable discussion has called for greater collaboration between privacy tool developers and law enforcement.
• Participants at the roundtable repeatedly stressed that banning privacy solutions, such as privacy pools and ZK-proofs, would simply make illicit activity harder to detect.
• The paper highlights several legitimate uses for privacy solutions, including company confidentiality and protection for potential wrench attacks.