Privacy and criminality share an uncomfortably intimate existence, not least of all in cryptocurrency.
Many consider the power to selectively reveal or hide oneself to the world a human right, but it is often abused by criminals, leading to calls for increased government surveillance, which in turn encroaches on the privacy of law-abiding citizens who make up the vast majority of crypto users.
This article is excerpted from CoinDesk’s inaugural Consensus @ Consensus Report, the product of intimate, curated group discussions that took place at Consensus 2023. Click here to download the full report.
“There is a tension between the crypto ethos and existing policies,” noted one participant in a closed-door discussion at Consensus 2023.
See also: Privacy Isn't Just an Edge Case for Crypto | Opinion
Nevertheless, the lack of privacy by default on-chain may be the only thing that endears law enforcement and regulators in the U.S. and other jurisdictions to crypto.
For two hours, experts from a range of disciplines – technology, business, law and governments – gathered to offer insights into how new policies, new technologies and practical risk-based approaches may balance the competing demands of privacy and transparency…
Get the Consensus @ Consensus 2023 Report
Complete the form below to access the latest trends, analysis and insights gathered from the intimate group discussions that took place at Consensus 2023.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.