Crypto privacy tools offer protection against financial surveillance

• A ChangeNOW and CoinRabbit report argues crypto privacy tools serve legitimate security and financial protection purposes.
• The report says public blockchain records can expose wallet balances and transaction histories to unwanted monitoring.
• The companies argue privacy technology can protect users while operating alongside compliance measures.

ChangeNOW and CoinRabbit released a report arguing that crypto privacy tools can protect users from financial surveillance and security risks.

The report says transparent blockchains can expose wallet activity, transaction histories and asset balances to anyone analysing public records.

ChangeNOW and CoinRabbit argue privacy tools can reduce unwanted exposure without necessarily preventing platforms from applying compliance controls.

The companies said privacy should be treated as a security feature rather than automatically associated with illegal cryptocurrency activity.

Privacy-focused technologies can include private transfers, transaction obfuscation and cryptocurrencies designed to conceal selected transaction information.

ChangeNOW has also introduced private transfers that hide a sender's wallet address from recipients while maintaining AML monitoring in the background.