Crypto Needs to Be Private by Default, Some Consensus 2023 Guests Say

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There's a tension between the crypto ethos and existing [anti-money laundering compliance] policies, a Consensus 2023 guest said. Further, the power to selectively reveal or hide oneself is a human right, others said. ConsensusAtC23, presented by Hedera

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

 

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