Bitcoin and the need for financial privacy

Quick Take

  • Today’s financial system is extensively surveilled by governments and private entities.
  • Bitcoin is one of the few ways to transact privately today. Due to the network’s public nature, transacting privately with Bitcoin is still difficult.
  • Analytics companies and governments are surveilling the blockchain in search of illicit activity.
  • Blockchain analytics companies have been criticized on ethical grounds, as well as for their handling of customer data.
  • This report serves the first installment of  The Block Research’s Bitcoin Privacy & Surveillance Guide: a five part series written by Karim Helmy, Matthew Batsinelas, and John Dantoni. 

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Bitcoin and the need for financial privacy written by Matthew Batsinelas @ July 8, 2020 Matthew Batsinelas

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