“It’s actually extremely easy to track crypto funds. The blockchain is a public ledger, and if you couple that with a few centralized exchanges’ KYC information, you can track most transactions pretty accurately,” Zhao said Friday on TBPN.

A Privacy Problem, Not Just A Feature

The warning lands at an awkward moment for crypto’s payment ambitions. Venture capitalist Tim Draper has previously called for employees, suppliers and taxes to be settled in Bitcoin via smart contracts — a vision CZ’s transparency concern now directly complicates.

“There’s a lack of preserving privacy,” he warned, calling for an optimal balance between regulatory compliance and individual… Read more on Benzinga