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Adeniyi Abiodun: Confidential transfers on Sui network address privacy and compliance
Adeniyi Abiodun, co-founder and chief product officer at Mysten Labs, the company behind the Sui blockchain, argues that building privacy solutions must consider compliance requirements.
Abiodun highlights that while individuals should not be required to disclose their complete transaction histories for simple purchases, institutions cannot adopt systems that lack regulatory and custodial support. He adds that confidential transfers on Sui Network aim to solve this challenge.
Abiodun previously revealed that confidential transfers are coming to the Sui blockchain, using range proofs to protect private transactions. He has also announced a new Sui DeFi feature aimed at enabling 24/7 Asian equities trading. Both initiatives highlight ongoing development at Mysten Labs.
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