The impending closure of zkSNACKs’ CoinJoin service has been described as a setback for Bitcoin developers and privacy proponents.
The Bitcoin (BTC) ecosystem will soon lose an important privacy-enhancing service after zkSNACKs announced that it would discontinue its CoinJoin coordination service.
Max Hillebrand, CEO of zkSNACKs, spoke exclusively to Cointelegraph following the announcement and explained that the decision was made to ensure compliance with the latest legal and regulatory updates in the United States.
Hillebrand said the closure of the CoinJoin service was necessary given the lack of clarity in the U.S. over regulations pertaining to the cryptocurrency space and the use of privacy-enhancing tools.
