If you want financial secrecy, bitcoin and other cryptocurrencies can’t deliver it

Many promoted Bitcoin and other cryptocurrencies for the anonymity aspect. Those who seek this investment as a means of financial secrecy could be disappointment.

Bitcoin offers borderless transactions with the names of the wallet owner unknown. While this is true, there are other factors that go into this. Historically, financial secrecy was only as good as the institution or individuals providing it. If one of them leaked, the secrecy disappeared.

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