Sanctions Implications for Zcash with Peter Van Valkenburgh- ZconV: Zcash Unified 2024
With its sanctions against Tornado Cash, the US Government has gone beyond sanctioning people and jurisdictions and has begun to add mere protocols and software to the SDN (specially designated nationals) list. Is this appropriate; is it even legal? What will be the consequences for privacy software developers and how can we push back?
Technical Level: Basic
Coin Centers website: https://www.coincenter.org
Coin Center Brief on Tornado/Roman Storm Prosecution: https://www.coincenter.org/amicus-cur...
Timestamps:
00:00 Intro
1:05 - Purpose of talk
1:43 Tornado Cash Sanction
3:52 Potential implications
4:12 Explanation of sanctions laws
7:57 Brief overview of sanctions laws
10:06 Advice for developers on legal risks
13:04 Overview of the IEEPA
17:12 Limits of Sanctions Laws
17:30 Intro to Berman Amendments and the Free Trade in Ideas Act
19:38 Why we have these two laws
20:30 Introduction to the "Free Trade and Ideas Act"
20:37 What can we do to defend ourselves and developers?
25:15 Could a minor be persecuted?
29:40 Mining with regard to shielded transactions
32:04 Explanation of Tornados indictment against Roman Storm
34:10 How would anonymity and no UI services affect those charges?
40:55 When should Zcash devs hire lawyers?
42:27 Is it better for Zcash to remove transparent transactions?
44:08 Exemption of US entities from sanctions significant for ECC and ZF?
46:40 Could increased regulations remove Zcash wallets from app stores? What then?
48:46 - Binance exchange addresses and Mica
49:30 - Legal implications of EIP 7547 in the Ethereum upgrade?
51:45 - Willful blindness
53:26 - Conclusion & info about accessing further resources
Speaker:
Peter Van Valkenburgh is a board member of the Zcash Foundation and Director of Research at Coin Center, the leading non-profit research and advocacy group focused on the public policy issues facing cryptocurrency technologies such as Bitcoin. He is a graduate of NYU Law, as well as a self-taught web developer. He drafts the Center’s public regulatory comments, and helps shape its research agenda. He has testified before Congress, briefed staff and members of the EU parliament, and educated policymakers and regulatory staff around the world on the subject of cryptocurrency regulation and decentralized computing systems. Twitter: @valkenburgh
Livestream and video production support from Ryan Taylor and AV Club
Zcon 5 - ZconV - Zcash: Unified
Zcash conference 2024 May 6-10
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