ChangeNOW, CoinRabbit report says crypto privacy and compliance can coexist

ChangeNOW and CoinRabbit have published a joint report, “Financial Privacy in the Digital Age,” arguing that crypto privacy tools can serve legitimate protective functions without necessarily undermining compliance. Drawing on TRM Labs, Chainalysis, RAND Corporation and the companies’ internal research, the study says law enforcement is generally most effective where digital assets meet regulated infrastructure, including exchange KYC checks, fiat on- and off-ramps and stablecoin freezes, rather than through raw blockchain visibility alone. The report says public-ledger transparency can expose users and companies to security and commercial risks by making wallet balances, transaction histories, supplier relationships, payment schedules and treasury holdings visible. It cites 52 verified wrench attacks in the first half of 2026, with more than $124 million stolen, and says 36% of board members rank financial leaks as a primary operational concern while average corporate data breaches cost $4.44 million. The study also says illicit crypto flows reached an estimated $158 billion in 2025, with 84% moving via stablecoins, but argues this does not make privacy and compliance incompatible. It points to CoinRabbit’s custodial structure and ChangeNOW’s private transfer routing as examples of privacy-preserving models that the companies say can still retain compliance controls at key regulatory touchpoints.