BitDigest May 14 · Issue #902

• Crypto prices gain support to end “headline news” driven week
• Bank of England says government will need to issue public digital money
• COIN reports $1.5 billion in revenue on record increase in trading volumes
• MSFT announces end of Azure Blockchain Services
• Lots of news today…

Calls against privacy coins are coming

🅱️I have been expecting global regulators to take a much tougher stance against privacy coins like monero (XMR), DASH and Zcash (ZEC) and I believe the cyber-attack on the Colonial Pipeline will be the match that ignites cries against these forms of digital currencies.I understand the concern with untraceable transactions, but I also believe privacy protocols can be misunderstood as there is a real need to protect the users identify. It is not just protecting who we are, but it also protects how much we have in the funding address wallet. My guess is that we hear calls from senior representatives of the Biden Administration against privacy coins as the investigation in the Colonial Pipeline attack continues.

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