What Happened to the Dream of Private Cryptocurrency?

Surveillance, sanctions, and address bans have come to the blockchain. But privacy tech is also alive and well.

Image: Vicente Méndez via Getty Images

Wars and protests are supposed to be crypto’s big moment, as something that was built on cutting out traditional authorities. So far, cryptocurrencies have played a vital role in crowdfunded aid efforts to Ukraine, with the government buying military and humanitarian equipment using nearly $100 million in crypto donations, while Ukrainians and Russians alike buy up crypto stablecoins to escape monetary volatility. 

But crypto’s contrarian attitude…


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