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24 November 2020

Privacy Coins Are Unstoppable, Says Copenhagen Business School | Crypto Briefing

Privacy Coins Are Unstoppable, Says Copenhagen Business School | Crypto Briefing


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Privacy coins work differently to cryptocurrencies like Bitcoin and Ether—payments are untraceable, and users stay anonymous.

Highlighting the difficulties regulators are likely to face in halting privacy coins, Copenhagen Business School researcher Rob Gleasure said:.

Renwick says that relaxed regulations and a deeper understanding of the dangers of transparent coins like Bitcoin could lead to wider adoption of privacy coins, “much like how users are starting to realize the nefariousness of [Big Tech companies like] Facebook and Google.”.

Given the nascent stages of the cryptocurrency space as a whole, it’s not yet clear whether privacy coins could ever see mainstream adoption, nor to what degree authorities will attempt to stamp out anonymous payment systems.  

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