NEWS ROUNDUP: EU Eyes BTC Regs, Bans Russian Wallets ep294
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Arrested Tornado Cash Developer to Stay in Jail After Appeal Rejected
Alexi Purstoff, a tornado cash developer arrested in August by Dutch authorities over allegations of facilitating money laundering is to stay in jail for at least another two years after his appeal was rejected. The US Treasury said the crypto mixing service, which allows users to obscure transactions, has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors. "It's like Bitcoin is for all the marbles, right? The main source of power of governments is the ability to print money or issue money that everybody else has to work for," he says.
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