Hans Morris

Hans Morris

Hans Morris is Managing Director of Nyca Partners and a board member of Lending Club, AvidXchange, Boomtown, Payoneer, SigFig. He was managing director of global growth equity firm General Atlantic from 2010-2014; president of Visa from 2007-2010; and held various operating and management roles at Citi Group, including CFO, from 1980-2007 Chief Operating Officer, Head of Technology and Institutional Business Units, and Chief Operating Officer for Investments.

Patrick Hansen: EU citizens are not affected by U.S. sanctions on Tornado Cash, but mixers will be considered high-risk transactions: Jinse Finance reported that Presight Capital’s encryption venture capital consultant Patrick Hansen said on social media that EU citizens are not affected by U.S. sanctions. Impact of sanctions on Tornado Cash, but mixers will be considered high-risk transactions under upcoming EU regulations. Connected assets will be difficult to dispose of, require justification, and may be reported to financial regulators.

If you send assets through a mixer such as Tornado Cash and need to interact with regulated participants, they will need to ask you to justify using those Tornado Cash before deciding to deny the transfer. That decision will also be reported (along with your personal information) to regulators (such as BaFin in Germany), which is obviously a huge privacy risk and concern, especially for someone who decides to use a privacy tool in the first place.

So while individuals won't be criminalized for using Tornado Cash directly in the EU (at least not yet - let's wait for the EU's reaction), moving those assets out will be very difficult and the associated assets will always be flagged as high Risk (for AML/CFT).

However, many (most) regulated entities already have similar AML processes/flags and are unwilling to accept assets related to mixers, just as many exchanges preemptively delisted privacy coins like Monero due to AML concerns Same. [2022/8/9 12:13:24]

Hollywood superstar Jean-Claude Van Damme changed his Instagram avatar to a PhantaBear series: On January 2, the legendary Hollywood superstar Jean-Claude Van Damme changed his profile picture to a PhantaBear series. [2022/1/2 8:20:29]

Deeper Network: Bione Exchange forced DPR without official authorization: Web3 infrastructure and decentralized gateway Deeper Network (DPR) reminded on Twitter that the cryptocurrency exchange Bione Exchange forcibly launched DPR, and did not communicate with the official, please Investors invest and trade cautiously. [2021/4/19 20:35:50]

Tags：Hans Morris

Official

• 

  Facebook

• 

  Twitter

• 

  Weibo

• 

  YouTube