Crypto Privacy Tools Serve ‘Essential Protective Functions’: Report by ChangeNOW, CoinRabbit

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…