Do Privacy Coins Have a Future After This Disaster?

Privacy coins, cryptocurrencies that can't be tracked or traced, have always been a polarizing issue in the crypto industry. Despite concerns about how they might be used, privacy coins like Monero (CRYPTO: XMR) and Zcash (CRYPTO: ZEC) routinely rank within the top 50 on CoinMarketCap in terms of market value. On Aug. 8, though, the U.S. Treasury Department blacklisted a piece of computer code known as Tornado Cash that enables users to anonymize their crypto transactions.