Grayscale: Zcash's privacy "very interesting," working on turning trust into ETF
BlockBeats News, February 14th, Grayscale's Chief Legal Officer Craig Salm stated at the Consensus Hong Kong conference:
“If you have a business need, want to transact a large amount to a supplier, but do not want other companies or competitors to see it, which could expose your business information, you would want that transaction to be private.
Paying with Bitcoin may not achieve this because the blockchain is transparent. We have seen on the Explorer platforms that there are entities that specialize in tracking on-chain transactions. So you can imagine scenarios where this need exists.
And the most interesting thing about privacy-centric tokens like Zcash is the concept of ‘selective disclosure,’ where you can choose to selectively disclose information to a specific party, such as proving to the tax authority that you have paid your taxes correctly, while maintaining privacy in day-to-day business or personal transactions.
So, we think it's a very interesting currency. We have a sizable Zcash Trust already, and we are working towards converting it into an ETF, just as we have done for several other products.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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