Ethereum must solve its privacy woes, says Ernst & Young crypto chief – DL News
- The stablecoin market is expected to be worth $3.7 trillion in 2030.
- As banks move into the market, Ethereum must solve its privacy issues
- That’s according to Ernst & Young’s blockchain director.
With Ethereum hitting new record highs, US regulations enshrining stablecoins into law, what’s the next major hurdle for the second-largest blockchain?
Privacy, according to Paul Brody, consulting giant Ernst & Young’s blockchain director.
“Large companies don’t want to disclose the details and the nature of their business relationship,” Brody said.
“Without privacy, it’s very easy to reverse engineer who’s buying what, from whom and how much they’re spending. That’s considered very sensitive, non-public…
