COINOTAG News reported on December 19 that Binance founder CZ articulated a view on crypto payments privacy and the risk of exposing transaction history in digital asset transactions. He frames privacy as a recurring governance challenge for the industry, stressing that user confidentiality must be weighed against the need for compliance and market integrity in modern crypto ecosystems.

In the near term, he argues that using centralized exchanges can reduce immediate privacy concerns, albeit at the cost of data retention and centralized risk. CZ notes these platforms inherently hold user activity data, underscoring the trade-off between accessibility and surveillance-enabled oversight in current workflows.

Looking ahead, CZ calls for a robust privacy solution to decouple identifiable activity from on-chain records. He signals that the industry should advance privacy-preserving protocols and architecture improvements to safeguard on-chain activity without sacrificing compliance or liquidity.