UK organization EFF and ORG: Money laundering and encryption legislation may hurt the open source ecosystem and oppose the regulation of privacy

According to The Register, recently, the non-profit organization Electronic Frontier Foundation (EFF) and the online grassroots organization, the Open Rights Group (ORG), responded to the UK Treasury’s consultation on the EU’s Fifth Anti-Money Laundering Directive (5MLD), despite regulatory The idea of ​​encryption software sounds reasonable, but it can have unintended consequences. “These regulations will add to the burden on multiple industries to ensure that their software is not considered part of the encryption money laundering infrastructure.” They suggest that it is best to monitor open source software separately, rather than within the scope of 5MLD legislation. . The two organizations also oppose the regulation of privacy coins, which are considered to be a good thing. “Privacy coins have the potential to enhance human rights by introducing some of the protection that citizens have offline to the digital world. In addition, any attempt to distinguish between private and non-private coins There are problems."