German party Die Linke just filed a formal inquiry into the use of blockchain surveillance software with the German government.
It wants to know the government's minimum requirements for error rates and verifiability of the software used. It directly references the use of Chainalysis Reactor, the accuracy of which was recently questioned in the trial of alleged Bitcoin Fog operator Roman Sterlingov. Die Linke states that:
"In the view of the questioners, there currently seems to be no apparent evidence that the methods used for the forensic analysis of virtual payment flows meet scientific standards".
But that's not all. Die Linke wants to know how many cases have been filed with Financial Intelligence Units on suspicion of money laundering, and how many cases actually resulted in criminal prosecutions – noting that, in light of a total estimated volume of more than €100 Billion laundered in Germany each year, the portion of cryptocurrency value contributing to overall money laundering volume is expected to be "negligibly small".
And here's the best part: Die Linke also wants to know how the government distinguishes between legitimate use of mixers and criminal use of mixers, and whether the government is planning a potential mixer ban or other forms of regulations.
Die Linke states that "coinmixing" and other anonymization software "corresponds to a widely held need to protect one's privacy in times of ubiquitous technological surveillance by digital corporations and government authorities".
Bullish af on financial privacy today.
Full story:
https://www.therage.co/german-parliament-faces-questions-on-blockchain-surveillance/
L0laL33tz / L0la L33tz
npub1mz…q6mak
2024-08-28 14:25:31
Author Public Key
npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6makPublished at
2024-08-28 14:25:31Event JSON
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"content": "German party Die Linke just filed a formal inquiry into the use of blockchain surveillance software with the German government. \n\nIt wants to know the government's minimum requirements for error rates and verifiability of the software used. It directly references the use of Chainalysis Reactor, the accuracy of which was recently questioned in the trial of alleged Bitcoin Fog operator Roman Sterlingov. Die Linke states that:\n\n\"In the view of the questioners, there currently seems to be no apparent evidence that the methods used for the forensic analysis of virtual payment flows meet scientific standards\".\n\nBut that's not all. Die Linke wants to know how many cases have been filed with Financial Intelligence Units on suspicion of money laundering, and how many cases actually resulted in criminal prosecutions – noting that, in light of a total estimated volume of more than €100 Billion laundered in Germany each year, the portion of cryptocurrency value contributing to overall money laundering volume is expected to be \"negligibly small\".\n\nAnd here's the best part: Die Linke also wants to know how the government distinguishes between legitimate use of mixers and criminal use of mixers, and whether the government is planning a potential mixer ban or other forms of regulations.\n\nDie Linke states that \"coinmixing\" and other anonymization software \"corresponds to a widely held need to protect one's privacy in times of ubiquitous technological surveillance by digital corporations and government authorities\". \n\nBullish af on financial privacy today.\n\nFull story:\nhttps://www.therage.co/german-parliament-faces-questions-on-blockchain-surveillance/\n",
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