2020 is the Year of Privacy Wallets

2020 is the Year of Privacy Wallets 2020 is the year of privacy wallets, as the stock market is more involved in KYC needs.   Illegal Use of Bitcoin Has Declined Elliptic, the first company in blockchain analytics, has found serious changes in the latest trends in illegal cryptocurrency use. According to the study carried out by the firm on December 9, the rate of Bitcoin transactions associated with the firm's criminal activities is significantly lower than its record in 2012. However, bad actors continue to find new solutions to unfair gains through crypto. Elliptic noted a slight rise in crypto mixer usage, but a large increase in privacy wallets. Increasing legal pressure and criminal charges on operators seem to have changed the addiction to the mixer over the years. This also appears to be possible thanks to firms such as Elliptic or rivals Cyphertrace and Chainalysis, which have been successful in tracking coins through mixers.   Privacy Wallet Usage Increased Faced with increasing customer recognition requirements around the world, exchanges have left their place to privacy wallets as a target for illegal cryptocurrencies. Especially the new trend has been the increased use of privacy wallets such as Wasabi Wallet, Elliptic's David Carlisle said. Wasabi had faced questions about the durability of privacy features in previous years. Accordingly, they pose at least a barrier to analytics firms.   Source: kriptokoin.com