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Privacy crypto coins: private or fraudulent?
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Privacy coins are a controversial topic. While the main points of crypto are decentralization and security, this means most blockchains and all activity on them are public – which raises some big privacy concerns. Given enough time and effort, some people may be able identify individuals based on information on the blockchain. So, 'privacy coins' were created to actively hide information, masking and anonymizing activity on blockchains. Of course, this raises its own concerns over the potential for money-laundering, tax avoidance, and the funding of crime and terrorism – so many have been delisted as a result. It's a minefield. We've put together this list of the most well-known privacy coins, but this is not in any way advice. You absolutely have to do your own research into this topic thoroughly before committing to any trades.