what the fuck! Binance founder Zhao Changpeng stated that the current encryption industry is too transparent and lacks privacy protection. He mentioned in an interview that tracking encrypted funds is actually very easy. Because blockchain itself is a public ledger, if combined with user identity information from several centralized exchanges, most transaction records can be accurately tracked. He said that currently many regulatory and law enforcement personnel are not yet familiar with using this data, but this transparency has brought actual privacy risks. He gave two specific examples: if a company uses cryptocurrency to pay salaries, others can track the salaries of everyone in the company by following the payment address on the blockchain; If you pay hotel fees with cryptocurrency, others can know your exact whereabouts, which may cause security issues. Zhao Changpeng believes that the industry must now find a balance point. At present, these practical issues have not been properly resolved in order to meet regulatory compliance requirements and protect users' personal privacy.