@glasschurch

Even though the transparency of public blockchains doesn't provide privacy for users, it helps to prevent illicit finance. The visibility of transaction details on the blockchain allows for tracking and investigation, which is a powerful tool for law enforcement Encrypted blockchains protect user privacy by keeping their confidential information hidden, but this also poses the challenge that they might be used by bad actors for illicit activities. There are possible ways encrypted blockchains like can preserve privacy and also fight financial crime,such as screening, ZK proofs among others

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