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OTC trading should indeed be done this way. The most interesting part is that it completely separates transparency and privacy.
The logic of the Miden solution is very clear: on-chain data is fully verifiable, transaction records and price information are transparent and accessible, but your identity information is completely hidden. Market participants know what happened but do not know who was involved.
This is how privacy should return—not to evade regulation, but to allow both parties in a transaction to maintain their own private space. Market transparency and personal privacy are not mutually exclusive.