102 - Why Sanctions Against Tornado Cash Are Counter-Productive

The Tornado Cash sanctions are unusual, unclear, and in my opinion, a perfect example of how modern politicians weaponize financial services and technical infrastructure. Tune in for this week's episode, where I share my thoughts on why sanctions against Tornado Cash are counter-productive. If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is.    Today's episode: [00:39] An overview of today's topic and the inspiration behind it. [01:51] Thoughts that I had about Mikhail Gorbachev during my teenage years and what I respect most about him now.  [04:41] What I believe to be the best use of political power.  [06:26] An explanation of how Tornado Cash works.  [08:24] Impacts of the sanctions imposed against Tornado Cash.  [09:29] The unusual nature of the sanctions against Tornado Cash.  [12:08] Lack of clarity around what happens when a Smart Contract is sanctioned. [14:48] Why I disagree with the decision to impose sanctions against Tornado Cash.   Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!   I would love to invite you to sign up for my newsletter. If you are interested, please click here.  

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