Web3 Companies Alliance Launches Privacy Legal Defense Fund At DevCon
Following US penalties on crypto mixer Tornado Cash, a collection of Web3 firms has formed an alliance to raise awareness about the need for data privacy, as well as a legal defense fund to support its purpose.
The coalition includes p0xeidon laboratories, Nym Technologies, Secret Network from SCRT Labs, Orchid, Railgun, Status, and the Oasis Foundation’s Oasis Network. Guy Zyskind, CEO of SCRT Labs said:
“Privacy is an essential component of any system, online or offline. It protects our right to consent and to express our freedoms safely. Secret Network has always been at the forefront of developing privacy technologies for Web3, and we are proud to support UPA from its earliest stages as we work together to build a better foundation for the future.”
The alliance also announced the establishment of the UPA Legal Defense Fund, which it claims will help it achieve its core goal of defending the ability to explore, design, and utilize full-stack privacy solutions. The UPA said in its statement:
“This move comes amidst a rising tide of censorship, suppression, and even criminalization of privacy technologies.”
The Universal Privacy Alliance was announced at a side event on October 11 during the Ethereum Foundation’s Devcon conference in Bogota, Colombia. Former intelligence contractor Edward Snowden delivered remarks via video conference during the opening, which took place at the ZK House hackerspace.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
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Harold
CoinCu News
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Web3 Companies Alliance Launches Privacy Legal Defense Fund At DevCon
Following US penalties on crypto mixer Tornado Cash, a collection of Web3 firms has formed an alliance to raise awareness about the need for data privacy, as well as a legal defense fund to support its purpose.
The coalition includes p0xeidon laboratories, Nym Technologies, Secret Network from SCRT Labs, Orchid, Railgun, Status, and the Oasis Foundation’s Oasis Network. Guy Zyskind, CEO of SCRT Labs said:
“Privacy is an essential component of any system, online or offline. It protects our right to consent and to express our freedoms safely. Secret Network has always been at the forefront of developing privacy technologies for Web3, and we are proud to support UPA from its earliest stages as we work together to build a better foundation for the future.”
The alliance also announced the establishment of the UPA Legal Defense Fund, which it claims will help it achieve its core goal of defending the ability to explore, design, and utilize full-stack privacy solutions. The UPA said in its statement:
“This move comes amidst a rising tide of censorship, suppression, and even criminalization of privacy technologies.”
The Universal Privacy Alliance was announced at a side event on October 11 during the Ethereum Foundation’s Devcon conference in Bogota, Colombia. Former intelligence contractor Edward Snowden delivered remarks via video conference during the opening, which took place at the ZK House hackerspace.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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