Can we have privacy and compliance at the same time?
summary
QEDIT proposes Zcash Shielded Assets (ZSAs) for compliance-friendly stablecoins, using verifiable encryption so the issuer gets an issuer-only view of transfers while the network stays private; an opt-in memo identity lets users prove ownership to exchanges cryptographically; wallets support transaction refusal/acceptance for KYC flows. Research areas include rate-limited disclosure of revealed data and freezing policies (deliberately postponed). Bits of Gold runs a pilot elsewhere; ZSAs aim to let regulated issuers participate without exposing all-chain transaction history.
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chapters (15)
- 0:00Intro
- 0:40Contradiction: legitimate use vs potential abuse
- 4:27Meta Problem, the different perspectives
- 11:18What can we do? QEDIT building ZSAs
- 11:49ZSAs Use-case and Role of Stablecoins
- 14:49Q?: Good vs bad use of privacy
- 17:27QEDITs Proposal: Compliance-Friendly Functionality
- 19:41Future research questions and considerations
- 24:12Why is QEDIT doing this? For humanity!
- 28:47Benefits of Zcash Ecosystem
- 30:43Q?: Is there a framework to navigate changes effectively for developers?
- 32:49Q?: Does limiting data reveal conflict with regulation on sanctioned addresses?
- 35:32Q?: Should compliance treat regulators as potential adversaries for security?
- 39:28Q?: Why not add compliance for ZEC now?
- 41:19Q?: Won't mandatory compliance make issuers fearful?
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