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Techub News reports that Starknet announced the launch of Bitcoin assets called strkBTC based on the STRK20 privacy framework.
This asset is backed 1:1 by Bitcoin on the Bitcoin mainnet, supporting both public and private modes, allowing users to perform private transfers and hide balances via Xverse and Ready wallets.
The STRK20 framework, developed by StarkWare, implements balance shielding and private transfer functions at the protocol level.
This privacy system adopts a "compliant disclosure" design, where users must share viewing keys with an independent third-party auditing agency when shielding assets, to meet legal regulatory requirements and achieve a balance between privacy and compliance.