New certification schemes will “raise the bar” of data protection in children’s privacy, age assurance and asset disposal

The Information Commissioner’s Office (ICO) has approved the first UK GDPR certification scheme criteria. Certification was brought in under the UK GDPR as a way to help organisations demonstrate compliance with data protection rules and, in turn inspire trust and confidence in the people who use their products, processes and services. Certification works by providing a framework for organisations to follow, which offers clients and customers assurance that they are adhering to strong standards. Organisations with expertise in a particular area can develop scheme criteria. The ICO has approved the…

How MPC can solve blockchain’s data privacy problems

With the global cryptocurrency market cap now reaching US$2.1 trillion, the industry is experiencing a time of both heightened interest and heightened scrutiny by regulators, consumers, businesses and governments — some warranted, some not. This scrutiny runs parallel to the massive increase in concern directed toward big technology firms that are hoarding consumer data, creating a sense of urgency not seen since the advent of the World Wide Web — and for good reason.  While blockchain technology has facilitated great strides toward data protection, it, too, has its downfalls. Blockchain…

Encrypted Messenger Company Signal Faces Scrutiny Over Mobilecoin Integration – Privacy Bitcoin News

Signal, the cross-platform encrypted messaging service is facing criticism this week, after the company Signal Messenger told the public it was integrating the cryptocurrency mobilecoin. Moreover, controversy surrounds the company’s founder and CEO Matthew Rosenfeld, known as ‘Moxie Marlinspike’ over his previous ties with the Mobilecoin project. The Relationship Between Mobilecoin and Signal During the last week, Signal Messenger has been under fire for integrating the privacy-centric cryptocurrency mobilecoin (MOB). The subject has been trending on social media and forums as a number of crypto advocates are not pleased with…

Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says Official – Privacy Bitcoin News

Privacy has been a discussion that has not gone unnoticed when it comes to the forthcoming launch of the digital yuan. The head of the People’s Bank of China-run Digital Currency Research Institute had firmly pointed out that anonymity cannot be guaranteed at all. Feature Seeks to Avoid Tax Evasion and Finance Terrorism During an interview with the Securities Times, Ma Changchun told the 2021 China Development Forum that a fully anonymous central bank digital currency (CBDC) is impossible. The reason, said the official, is that the government needs to…

Federal judge’s decision could be a blow for the privacy rights of crypto users

A federal judge has implied that an individual may not have the right to force the Internal Revenue Service, or IRS, to expunge financial records it obtains from crypto exchanges. In granting a motion to dismiss filed in December, Judge Joseph DiClerico in the District of New Hampshire suggested the Internal Revenue Service has no obligation to honor requests to purge crypto transaction records it received from Coinbase or other exchanges regarding information for federal taxes. Dismissed in part for lack of jurisdiction, the civil rights case filed by plaintiff…

China’s digital yuan will offer best privacy protection, says official

Chinese authorities are willing to ensure maximum user privacy for the country’s central bank digital currency, or CBDC, according to an official at the People’s Bank of China. Mu Changchun, head of the People’s Bank of China’s digital currency research institute, spoke of China’s digital yuan privacy capabilities at the 2021 China Development Forum on Sunday, local news agency Sina Finance reported. Mu stated that a completely anonymous CBDC “is not feasible” because a national digital currency must meet requirements related to Anti-Money Laundering, Counter-Terrorist Financing and anti-tax evasion. However,…

The dawn of decentralized web privacy

The internet has undoubtedly revolutionized the way we live. It has changed how we work, access information, travel, communicate and interact with each other. Along with it comes a greater level of freedom that we enjoy because of democratizing and decentralizing information. By doing so, the internet has opened up to a greater debate, analysis and scrutiny by the general public on matters that impact them and the world. Thanks to the internet, the sphere of influence is shifting away from centralized authorities and the mainstream media. In our rush…

How Suterusu Is Democratizing Access to Crypto Transaction Privacy

Suterusu’s zk-ConSNARK operates as a layer two that does away with the trusted setup but in a way that ensures the proofs are of a constant size. Although it’s now well-known that blockchain transactions aren’t private, privacy generally continues to be a problem for many people and entities using public blockchains. Nobody is required to give a name to send or receive tokens, but once someone knows your public blockchain address, they can trace any transactions you make using that address. It’s akin to someone being able to watch your…

Proposed FinCEN rule is a ‘grave threat to personal privacy,’ says Coin Center

After the U.S. Treasury Department extended the comment period for anyone to express their thoughts on a proposed crypto rule, non-profit crypto policy advocate group Coin Center has made another — and possibly final — argument to regulators. Coin Center directed its comment to the Financial Crimes Enforcement Network, or FinCEN, over proposed rules that would require registered crypto exchanges in the U.S. to verify the identity of people using “an unhosted or otherwise covered wallet” for a transaction of more than $3,000 and report on all crypto transactions of…

Poltergeist Exchange Partners With Ghost by McAfee to Release a Private Stable Coin and Privacy Exchange – Press release Bitcoin News

press release PRESS RELEASE. Poltergeist Exchange has partnered with GHOST by McAfee to bring a private stable coin and privacy dex to the GHOST by McAfee blockchain. Poltergeist Exchange has released their native token GHOUL, and are developing and releasing a side chain with the same name for Ghost by McAfee. Side chains for GHOST will open up a variety of interaction possibilities including a full privacy dex using atomic swaps to flawlessly execute cross chain transactions, a private stabled coin, GHOSTDAI, that is pegged and backed 1:1 with DAI,…