BlockBeats News, February 14 — Grayscale Chief Legal Officer Craig Salm stated at the Consensus Hong Kong Conference:
"If you have business needs and want to pay large sums to suppliers but don’t want other companies or competitors to see, which could expose your business information, you would want this transaction to remain private.
Paying with Bitcoin may not achieve this because the blockchain is transparent. We’ve seen on platforms like X that there are accounts dedicated to tracking on-chain transactions. So you can imagine scenarios where this need exists.
Privacy-focused tokens like Zcash are particularly interesting because of ‘selective disclosure.’ You can choose to disclose information to specific parties—for example, proving to the tax authorities that you’ve paid your taxes correctly—while maintaining privacy in everyday business or personal transactions.
Therefore, we believe this is a very interesting form of currency. We already have a substantial Zcash trust and are working on converting it into an ETF, just as we have done with several other products."
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
PayPal extends PYUSD stablecoin services to 70 countries/regions
Gate News, on March 17, PayPal announced that it will expand the wallet holding scope of its stablecoin PYUSD to 68 additional countries and regions, bringing the total number of eligible markets to 70, a significant expansion from the previous limitation to only the United States and United Kingdom. The newly added markets include Uganda, Colombia, Peru, and others, covering more regions across South America, Africa, and Asia.
GateNews2m ago
The tokenized real estate platform RealT faces a lawsuit in Detroit, with over 400 properties found to have compliance issues.
Canada-based tokenized real estate platform RealT faces a legal and compliance crisis after a civil lawsuit was filed by the Detroit municipal government. The lawsuit alleges multiple regulatory violations, including properties lacking compliance certificates and delinquent tax payments. RealT plans to sell properties and suspend rental distributions while pivoting to new projects.
GateNews50m ago
Ripple CTO David Schwartz Defends Ripple and XRP Amid Criticism Over the Altcoin’s Sales
Ripple CTP David Schwartz defends Ripple and XRP amid criticism.
The criticism is currently over the way Ripple makes XRP sales.
The CTO explains how retail will benefit from this framework.
The crypto community is warmed by how Ripple CTO David Schwartz defends Ripple and XRP amid crit
CryptoNewsLand1h ago
xAI Massively Recruits Wall Street Finance Experts to Train Grok, Musk Admits Programming Capabilities Lag Behind Competitors
xAI is recruiting financial domain experts from Wall Street to expand its data annotation team for Grok, aiming to improve training data for credit markets. The team, led by Diego Pasini, targets enhancing AI programming capabilities and business customer development, currently facing competitive pressure.
GateNews1h ago
Tempo public chain is expected to launch its mainnet by the end of March, with no tokens issued in the initial phase.
Stripe and Paradigm's newly developed public chain Tempo is expected to launch its mainnet at the end of March, adopting a dual-track model focusing on payments and DeFi. The mainnet will not issue tokens, and the team will wait for a better market environment to design the token economic model.
GateNews1h ago
