Crypto’s next battle is privacy, but regulators face chicken-egg dilemma
Crypto’s move into banks and state-backed systems is accelerating a clash between financial privacy and public ledger design, said Aleo’s Yaya Fanusie.
Financial privacy is becoming the next structural battle in crypto, and neither governments nor the technology are fully prepared for mass digital surveillance or large-scale privacy.
Institutional adoption of cryptocurrencies is accelerating, as more banks and payments companies test blockchain for settlements, but the technology itself exposes transaction data to the public.
“What people are not comfortable with is having their transactions broadcast to the entire world,” Yaya Fanusie, head of global policy at Aleo Network and a former Central Intelligence Agency (CIA) economic and counterterrorism analyst, told Cointelegraph.
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