Total Anonymity Is Getting Tokens Delisted đ
European exchanges have been pulling anonymity tokens off their books for years, because a compliance desk cannot sign off on an asset where it will never see who sent what to whom.
Users accepted that trade first with $XMR , where hiding the sender, the receiver, and the amount is the entire design, which is why Binance pulled it from its books in 2024.
$CC represents a different model, where institutions give authorized parties the information required for compliance while the size and the counterparties stay off the public ledger.
Total anonymity struggles to stay listed, and an institutional network only helps if you're already inside it, which leaves out the businesses that need privacy and compliance at the same time.
Midnight moves that choice below the application layer, which is the model Monument Bank is exploring with Midnight, targeting up to ÂŁ250M in tokenized customer deposits in the first phase.
Selective disclosure is what makes that work, letting the bank show a regulator a rule was followed without publishing a single customer balance.
What a compliance desk actually needs is a claim it can check, and Midnight's docs set out exactly which facts get disclosed and to whom.
#Privacy #compliance
European exchanges have been pulling anonymity tokens off their books for years, because a compliance desk cannot sign off on an asset where it will never see who sent what to whom.
Users accepted that trade first with $XMR , where hiding the sender, the receiver, and the amount is the entire design, which is why Binance pulled it from its books in 2024.
$CC represents a different model, where institutions give authorized parties the information required for compliance while the size and the counterparties stay off the public ledger.
Total anonymity struggles to stay listed, and an institutional network only helps if you're already inside it, which leaves out the businesses that need privacy and compliance at the same time.
Midnight moves that choice below the application layer, which is the model Monument Bank is exploring with Midnight, targeting up to ÂŁ250M in tokenized customer deposits in the first phase.
Selective disclosure is what makes that work, letting the bank show a regulator a rule was followed without publishing a single customer balance.
What a compliance desk actually needs is a claim it can check, and Midnight's docs set out exactly which facts get disclosed and to whom.
#Privacy #compliance
