Hardware wallet maker Trezor has announced a partnership with the Wasabi Wallet team. The partnership aims to integrate Bitcoin transaction mixing tool CoinJoin into the device.
Mix BTC transactions
This method randomly groups transactions to hide the source of the funds. The new option will be available in 2023.
Wasabi Wallet zkSNACKs CoinJoin
CoinJoin is a cryptocurrency transaction obfuscation method introduced in 2013 by Bitcoin Core and Blockstream developer Gregory Maxwell. CoinJoin’s efficiency continues to attract members of the cryptocurrency community who want to remain anonymous when transferring cryptocurrencies. So far, Wasabi Wallet has proven to be one of the main providers of this technology.
Karo Zagorus, Head of Public Relations and Reputation at Wasabi Wallet zkSNACK, explained in a comment to Decrypt that talks with Trezor began in 2019. According to him, the result is an “extraordinary achievement.
Anonymization Technology – Wasabi Team
The Wasabi team added that the work on the anonymization technology is a response to increased monitoring by institutions.
Financial transactions could eventually be used to spy on citizens,” they noted
Cryptocurrency Mixer – On the Sanctions List
We remind you that on August 8, OFAC (Office of Foreign Assets Control, Financial Intelligence, Economic and Trade Sanction Program and Enforcement Division of the US Department of Treasury) found the website of the Tornado Cash cryptocurrency mixer along with 39 Ethereum and 6 USDC- addresses on its sanctions list.
Industry advocacy group Coin Center said the agency had overstepped its authority.
Jesse Powell, CEO of cryptocurrency exchange Kraken, called the regulator’s actions “unconstitutional” and “invading citizens’ privacy rights.”
Before that, OFAC included cryptomixer Blender on its sanctions list.
