Key facts
- StarkWare's STRK20 framework on Starknet allows users to shield balances and transaction data.
- STRK20 provides mechanisms for disclosure under specific circumstances.
- Sui's confidential transfers feature conceals transaction amounts but allows authorized access for auditing.
- These launches reflect a trend toward privacy models with built-in audit and disclosure features.
- Zcash developers addressed a bug that could have allowed undetected counterfeit token creation.
StarkWare and Sui have introduced new privacy features aimed at making cryptocurrency transactions more compliant with regulatory oversight. StarkWare announced STRK20, a privacy framework for ERC-20 tokens on its Starknet platform, which allows users to shield their balances and transaction data. Eli Ben-Sasson, StarkWare's co-founder and CEO, clarified that while the framework is "compliance-ready," it does not guarantee legal compliance or regulatory approval on its own. The system operates on a risk-based model where privacy is conditional, with entry screening and disclosure available upon lawful request.