Bitcoin privacy has come a long way since the early days of Bitcoin. Once marketed as anonymous, Bitcoin can be best described as a pseudonymous currency and monetary system. It does not need user personal information whatsoever to function, but companies built around it often associate user public keys — Bitcoin accounts — with user information. They do this to comply with legacy financial regimes, and in some cases, for ease of use. 

As a result, users might share or expose personal information to such companies as their home IP address, which can be used to identify the users’ internet service provider, and from there, the users’ physical address. As well as their…

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