How the Lightning Network Layers Privacy on Top of Bitcoin ByTimothy SohnPRO INVESTOR Updated: 19 December 2016 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. (NASDAQ) – Bitcoin right now is not really anonymous. Monitoring of the unencrypted peer-to-peer network and analysis of the public blockchain, combined with Know Your Customer (KYC) policies and Anti-Money Laundering (AML) regulation, can reveal a lot about who is using Bitcoin and for what.