The Digital Currency Dilemma: Anonymity vs. Privacy (Op-Ed)
First Global Credit’s CEO Gavin Smith comments on digital currency exchange Bitstamp’s policy change and the issue of anonymity in the digital currency markets. This week Bitcoin Exchange, Bitstamp, fulfilled a promised policy change of handing over to the authorities all details of all the unverified accounts on their system. Further those unverified accounts would be subject to seizure of assets. The company had pre-warned its customers in September 2013 and had gone through a 13 month program of informing them of the pending change. However, despite this action the digital currency....
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Experienced Bitcoin users will gladly tell people how the popular digital currency will not help much regarding privacy and anonymity. Even though mainstream media outlets keep preaching the exact opposite of that statement, a new study by Rutgers shows how transactions are not as privacy-centric as people assume. Plus, there are still some questions....
Russia’s digital ruble will not have the same level of anonymity as cash, says official. Elvira Nabiullina, the head of the Bank of Russia, argued that there is a line between anonymity and privacy regarding the circulation of an upcoming digital ruble.Speaking at a press conference on Oct. 23, Nabiullina said that Russia’s digital ruble will not have the same level of anonymity as cash. However, the bank expects to strengthen user privacy, Nabiullina promised, stating:“Still, we shouldn’t confuse the anonymity with confidentiality of digital ruble transactions. Indeed, there will not be....
While it is verifiable that BitPlutos offers an unmatched trading experience in binary options, what particularly makes this broker distinctive is its ability to offer 100% anonymity to traders. This online broker perhaps is the first-of-its-kind in the binary option market; it is genuinely atypical. Unlike its contradicted competitions, BitPlutos relies and runs on Bitcoin, a decentralized digital currency which brings partial-to-full anonymity for its users. Prioritizing Bitcoin as its primary method of deposits and withdrawals helps BitPlutos to establish unusual privacy standards for....
Privacy has been a discussion that has not gone unnoticed when it comes to the forthcoming launch of the digital yuan. The head of the People’s Bank of China-run Digital Currency Research Institute had firmly pointed out that anonymity cannot be guaranteed at all. Feature Seeks to Avoid Tax Evasion and Finance Terrorism During an interview with the Securities Times, Ma Changchun told the 2021 China Development Forum that a fully anonymous central bank digital currency (CBDC) is impossible. The reason, said the official, is that the government needs to make it compliant with the....
The regulatory debate of cryptocurrencies is a sensitive matter for the cryptocurrency community. When Mike Hearn, Chair of the Bitcoin Foundation's Law & Policy committee, proposed a "brainstorming" on the possible merits of blacklisting addresses, there was a backlash at the very idea of having such a debate, but lawmakers and academics are constantly giving speeches and publishing papers on the legal implications of cryptocurrencies with particular emphasis on its anonymity or pseudo-anonymity features. Anonymity or pseudo-anonymity is a core feature of Bitcoin, the most prominent....