Max Boonen on privacy coins
From BlockTalks with Max Boonen · · BlockDrops Podcast
“Privacy coins like Monero and Zcash have been delisted from many platforms because crypto companies struck deals with regulators that required renouncing those assets — we've taken steps back on privacy but it will come back with a vengeance.”
On , Max Boonen, Founder at B2C2, spoke about privacy coins during BlockTalks with Max Boonen on BlockDrops Podcast.
About Max Boonen
Max Boonen, founder of the crypto market maker B2C2 and the tokenization firm PV01, has been active in discussing the state of the crypto market and his work on bringing traditional finance practices to blockchain. In a November 2024 interview, Boonen stated that he founded B2C2 in 2015 and PV01, a newer business that specializes in tokenizing U.S. Treasuries and corporate bonds on the blockchain. He described developing a legal framework so that the tokens issued are legally bonds under English law, with an SPV holding the actual Treasury bill. Boonen also commented on the crypto market's liquidity, stating that if Bitcoin were accounted for in BIS volumes it would be around the number 10 currency, and that accusations of market manipulation amount to "noise." Boonen has also discussed the need for transparency and improved credit market practices in crypto, particularly in the wake of the Three Arrows Capital and Genesis collapses. In a 2022 interview, he stated that the old bilateral credit market was opaque and that putting bonds on-chain prevents that because issuance and holders are transparent and transferable. He has expressed skepticism about regulation, stating that "regulators are not going to save us" and that he believes more in private market solutions. Boonen has also commented on macroeconomic trends, stating in 2023 that the Federal Reserve is not going to stop just because asset prices are going down, and that the "Greenspan put" may be gone. He has suggested that predatory taxation and the deterioration of government finances could be a future catalyst driving people to protect wealth in crypto.