The Role of Cryptocurrency in Financial Privacy and Cybersecurity
Crypto's Double-Edged Sword: Financial Privacy vs. Cybersecurity Risks In the past, when we were using a big computer to access the Internet, we are exploring and developing more digital technologies that we could think of. Now we are in an era when digital assets are a common thing. Individuals, companies and large organizations are also involved in digital assets like Cryptocurrency. In this digital world, cryptocurrencies are promising to enhance anonymity and decentralized control over financial transactions. According to the authors Alnıpak and Toraman, this blockchain technology offers many benefits for improving transactional efficiency, transparency and security as seen in applications ranging from supply chain logistics to international payments (Alnıpak & Toraman, 2024). However, this technology also has its bad side as well. This paper will be investigating all the roles of cryptocurrency in the financial privacy and cybersecurity aspects. As on-chain crime becomes i...