Dash and Bitcoin should not be differentiated by regulators over Dash’s Privacy Coin status, says Ryan Taylor
Privacy Coins receive a lot of criticism from the community for their privacy-oriented transactions as such virtual assets were recently delisted from various exchanges due to regulatory concerns.
Dash is also widely considered a privacy coin for their PrivateSend transaction and in a recent interview, Ryan Taylor, CEO of Dash Core Group expressed his opinion on the current matter.
In the interview, Taylor explained that their PrivateSend feature was first developed on top of the masternode layer and it was a ‘branded implementation’ of CoinJoin, a privacy technique. He indicated that the feature did not require any changes to the protocol code itself.
He suggested that different wallets of Bitcoin and Bitcoin Cash also supported CoinJoin hence there was no difference technically between the ‘legal status’ of Bitcoin and Dash. He remarked,
“Because Dash was the first to market with this feature, it has been labeled a privacy centric coin by the press.”
Taylor acknowledged the………..
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Author: Mark Prestwood
Original link: https://eng.ambcrypto.com/dash-and-bitcoin-should-not-be-differentiated-by-regulators-over-dashs-privacy-coin-status-says-ryan-taylor/