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StarkWare launches privacy tokens with compliance checks

CoinNetwork
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Abstract generation in progress
CryptoWorld news reports that StarkWare announced the launch of a new privacy framework that allows users to hide balances and transaction details on StarkNet while retaining compliance review tools. The newly released STRK20 standard brings privacy features to ERC-20 tokens, enabling users to block transaction information on-chain. The framework was announced on Tuesday, and STRK20 is now officially live. Eli Ben-Sasson, co-founder and CEO of StarkWare, said that STRK20 should not be viewed as a guarantee of regulatory approval, but rather as a risk-based approach—privacy remains conditional. Assets are screened before entering the shielded pool, and when legal requests require it, viewing key technology can be used to disclose information. Unlike traditional privacy cryptocurrencies, STRK20 introduces disclosure tools intended to balance confidentiality and accountability: transaction details remain hidden from the public, while authorized disclosures may still occur in specific circumstances.
STRK-0.83%
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HotAirBalloonViewing
· 3h ago
The design of the STRK20 shielding pool + viewing key is quite clever, providing privacy while leaving a backdoor. Regulatory-friendly privacy has finally arrived.
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PatchNotePaladin
· 4h ago
Compliance disclosure tools are a necessity; without them, institutional funds simply won't dare to enter. StarkWare has anticipated this wave.
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