In brief
- A new report from ChangeNOW and CoinRabbit argues that crypto privacy and compliance are not a zero-sum trade-off, with enforcement leverage sitting at fiat off-ramps.
- It documents protective uses including civilian access under sanctions, corporate confidentiality and defense against physical coercion.
- The report also cites TRM Labs putting 2025 illicit inflows at $158 billion, with 84% of fraud proceeds moving over stablecoin rails.
Crypto privacy tools serve “essential protective functions” that restore a measure of financial privacy that has always existed in TradFi, according to a new report from non-custodial crypto platform ChangeNOW and digital asset management platform CoinRabbit.
Building on data from sources…





