Dutch regulator: Developers could be punished for creating code used in crime

A statement provided to the DeFi Education Fund by the Netherlands’ Fiscal Information and Investigation Service (FIOD), released by the advocacy group on Aug. 17, stated: “The development of tools is not prohibited, but if the sole purpose of creating a tool is to commit a crime, For example, hiding the flow of criminal funds, then the tools developed online/offering may be punished.” The previous FIOD statement said that the Dutch authorities arrested a developer suspected of involvement in Tornado Cash on August 8, after the U.S. government sanctioned encryption. Two days after currency mixing service Tornado Cash.