Coinbase News: Coinbase Chief Legal Officer Critiques U.S. Treasury’s Handling of Tornado Cash Delisting

In a recent development, Coinbase’s top legal executive has expressed criticism towards the U.S. Treasury’s actions regarding the delisting of Tornado Cash from the sanctions list.

Coinbase CLO Critiques U.S. Treasury’s Claim on Tornado Cash Delisting

Paul Grewal, Coinbase’s chief legal officer, criticized the U.S. Treasury’s recent filing that seeks to moot the necessity of a final court judgment regarding Tornado Cash after delisting the crypto mixer from the sanctions list. The Treasury Department’s sanctions watchdog removed Tornado Cash and over 100 ether (ETH) addresses from the blacklist on Friday, following its alleged involvement in laundering funds stolen by the North Korea-linked Lazarus cybercrime group.

PwC Italy, SKChain Advisors to Build Blockchain-Based EU Digital Identity Product

PwC Italy is collaborating with SKChain Advisors to develop a European Union (EU) digital identity product. The product will enable European companies and their customers to securely access digital platforms, including those in Web3. It will be built on World Mobile Chain, a layer-3 network based on Coinbase’s Ethereum layer-2 Base, and utilize self-sovereign identity (SSI) technology, which gives users full control of their data. SSI leverages blockchain technology to distribute and store users’ data securely, eliminating the need for centralized identity providers.