With government agencies getting more savvy at tracing blockchain transactions, laws like the EU’s GDPR may play a role.
The GDPR has led to changes that complement the ethos of crypto’s early days, as it has proved crucial for fighting the questionable data handling practices of public and private sector players alike. It has also done wonders to nurture a privacy culture even among people with no prior interest in protecting their information.
Regulators and blockchain and crypto users also have a common goal: to ensure that both cryptocurrencies and the technologies underlying them are used in a way that’s not deceptive in its promise. Which might just be what the long-awaited, wider adoption of digital currencies needs.