Developers could be punished for code created to commit crime, says Dutch regulator

2 years ago

Netherlands’ Fiscal Information and Investigation Service (FIOD), which arrested a Tornado Cash developer connected Aug. 12, said that developers could beryllium held liable if they created a codification for the “sole purpose” of committing a transgression oregon facilitating criminals.

The FIOD’s statement, provided to DeFi Education Fund, was posted by the advocacy radical connected Twitter connected Aug. 17.

New info from the Netherlands bureau that arrested tornado currency developer Alexey Pertsev

We wanted to get this *troubling* connection from the FOID retired determination (which raises much questions than it answers) portion we're chasing down much info + assessing adjacent steps

h/t @sccanavos pic.twitter.com/qbJK4F49vR

— DeFi Education Fund (@fund_defi) August 17, 2022

The FIOD has not released the sanction of the arrested developer. However, it is mostly speculated that the arrested developer was Alexey Pertsev, according to the claims of his woman Ksenia Malik.

The FIOD had antecedently told the DeFi Education Fund that the arrested Tornado Cash developer was suspected of obscuring transgression wealth travel and facilitating wealth laundering.

The regulatory agency’s comments could person far-reaching implications for each bundle developers, who could beryllium held liable for imaginable illicit uses of their software, the Defi Education Fund said.

In an exclusive punctuation to CryptoSlate, the DeFi argumentation and advocacy radical said:

“Tornado Cash was routinely utilized for morganatic purposes. While we are inactive waiting for the circumstantial charges against the developer to beryllium released, 1 happening indispensable stay clear. Writing and publishing codification indispensable beryllium protected successful escaped societies and privateness is not a crime.”

Moreover, the DeFi Education Fund besides questioned the FIOD’s presumption that Tornado Cash was built for the “sole purpose” of committing crimes.

Trouble everywhere

Cryptocurrency mixer work Tornado Cash was sanctioned by the U.S., pursuing which the decentralized enactment (DAO) down the task had to unopen down. The determination to unopen the DAO was taken to support contributors, adjacent developers extracurricular the Tornado Cash ecosystem, a contributor to the mixer antecedently told Cryptoslate.

Crypto exchanges person rushed to artifact addresses associated with Tornado Cash pursuing the sanction.

The station Developers could beryllium punished for codification created to perpetrate crime, says Dutch regulator appeared archetypal connected CryptoSlate.

View source