🔥 SEC chapter on privacy in the crypto industry.
- Blockchain is more transparent than traditional finance: every transaction is recorded on a public ledger.
- There’s a risk: crypto could become the most powerful financial control system if regulation becomes overly aggressive.
- Crypto tech lets you prove the legality of transactions without exposing your whole financial history. You can demonstrate compliance without handing over personal data or all transaction details to intermediaries or the government.
- ❗️Full blockchain transparency can hurt the market. If big players don’t act discreetly, front-running could surge as competitors copy every deal.