Privacy Tools in Blockchain: RUSI Report Warns Against Ban

A recent report from the Royal United Services Institute (RUSI) advises against banning blockchain-based privacy tools, suggesting such actions could drive illicit users towards unregulated services. According to NS3.AI, the report underscores the legitimate demand for privacy technologies among individuals, businesses, and high-net-worth individuals. It emphasizes the need for collaboration between regulators and developers to ensure compliance. The report anticipates continued growth in the use of privacy-enhancing technologies like zero-knowledge proofs and calls for the public sector to engage closely with the crypto industry to foster trust.