Work

Why so many coins? Examining the demand for privacy-preserving cryptocurrencies

Year: 2025

Type: article

Abstract: We investigate the impact of anonymity and privacy-preservation on cryptocurrency use. Our study reveals that privacy coins, which deploy advanced privacy-preserving technologies to enhance trader anonymity, experience a relative increase in usage compared to non-privacy coins following regulatory interventions aimed at countering illegal activities in cryptocurrency trading and use. However, the adoption of privacy coins decreases relative to non-privacy coins after the introduction of regulations restricting the use of privacy-preserving protocols. These findings underscore the significance of privacy as a driving factor in cryptocurrency adoption.

Source: The British Accounting Review

DOI: 10.1016/j.bar.2025.101637

Authors: Gbenga Ibikunle, Vito Mollica, Qiao Sun

Language: English

Topic: Blockchain Technology Applications and Security

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

Open Access status: hybrid

Estimated APC paid: $3,770

Funders: University of Edinburgh, Macquarie University, RoZetta

OpenAlex ID: W4408568348

FWCI: 2.165

Cites: 64

Cited by: 2

Related to: 10