"According to a study published in the Journal of Information Technology, attempting to ban private cryptocurrencies would be nearly impossible for regulators due to the tokens’ privacy-preserving, decentralized nature.
Privacy Coins Are Unstoppable
The report was compiled in collaboration with the Applied Research and Innovation team at Trilateral Research, and it zoomed in on the popular private coin Monero.
Privacy coins work differently to cryptocurrencies like Bitcoin and Ether—payments are untraceable, helping users maintain privacy. Where every Bitcoin transaction can easily be linked to a user’s address, Monero uses an obfuscated public ledger to hide the details of each transaction.
Highlighting the difficulties regulators are likely to face in halting privacy coins, Copenhagen Business School researcher Rob Gleasure said:
“If decentralized privacy-preserving cryptocurrencies become popular in the future, to the point they can be routinely exchanged without users having to convert to other currencies and systems, there is no obvious way for regulators to impose post-hoc regulation.”
Gleasure suggested that authorities would benefit from adapting and preparing for the possibility of being unable to prevent the spread of privacy coins in the future. “What the regulators do not realize is those who control the code will control the rules,” he said. “So far, they have not accepted this and are in denial.”"
https://cryptobriefing.com/privacy-coins-are-unstoppable-says-copenhagen-business-school/
Privacy Coins Are Unstoppable
The report was compiled in collaboration with the Applied Research and Innovation team at Trilateral Research, and it zoomed in on the popular private coin Monero.
Privacy coins work differently to cryptocurrencies like Bitcoin and Ether—payments are untraceable, helping users maintain privacy. Where every Bitcoin transaction can easily be linked to a user’s address, Monero uses an obfuscated public ledger to hide the details of each transaction.
Highlighting the difficulties regulators are likely to face in halting privacy coins, Copenhagen Business School researcher Rob Gleasure said:
“If decentralized privacy-preserving cryptocurrencies become popular in the future, to the point they can be routinely exchanged without users having to convert to other currencies and systems, there is no obvious way for regulators to impose post-hoc regulation.”
Gleasure suggested that authorities would benefit from adapting and preparing for the possibility of being unable to prevent the spread of privacy coins in the future. “What the regulators do not realize is those who control the code will control the rules,” he said. “So far, they have not accepted this and are in denial.”"
https://cryptobriefing.com/privacy-coins-are-unstoppable-says-copenhagen-business-school/