Bitcoin transactions are transparent to all users while providing some sort of privacy because it's no easy to know which address belongs to who unless they let you know or that person involved in KYC which was not aimed. Blockchain aimed to go anonymous so people would have freedom financially
Privacy provides freedom, but Countries citizen fight against freedom of speech and forgot that speech will not give wealth financially, We Are and must fight against financial freedom in a modern way as Blockchain do until we all involve in Bitcoin and general cryptocurrencies.
I’ve read somewhere in a certain discussion here in this forum as well that the UK wants to monitor the Bitcoin activities and the US is proposing that there is more transparency in Cryptocurrency. I think what their governments are trying to exercise is their governance in this type of industry at the same time protecting those who transact and who you will be transacting with. I think it’s important that as a user of bitcoins you are able to preserve your privacy at the same time, give just enough information so that activities will be monitored. In this case, one will avoid illegal transactions.