Cheerleaders for cryptocurrencies often point to the privacy that transacting with digital coins can bring. But for some people even that is not enough. For those wanting to transact completely anonymously, there are anonymity-enhanced cryptocurrencies – typically known as privacy coins. While they use blockchain technology to record transactions in the same way as other coins, cryptographic techniques are employed to disguise user balances and personal details.
That sounds useful, considering that the European Commission is hoping to have new rules governing crypto transactions in place by 2024 and other jurisdictions are set to follow suit.
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