Are Privacy Coins Legal?

StealthEX Crypto Newsletter - Issue #7. Out Of The Public Eye

By StealthEX | StealthEX Blog | 26 Apr 2022


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Bank cards and wire transfers are obviously not the most private means of payment. All the transactions can be traced back to the amount, card owner, date, and place.

Many people perceive cryptocurrency as the solution to financial privacy issues. However, is it really true?
The bitcoin blockchain is transparent, and exchange wallets are often tied to individuals via KYC and registration procedures. This is where privacy coins step in.

Privacy-focused cryptos are concealing transactions, amounts, and addresses of sender/received with the use of various technologies. Is this our way out of the age of surveillance? Let’s find out!

Crypto Newsletter - Issue #7. Out Of The Public Eye

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