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Privacy ≠ Evading Regulations, many people haven't thought this through clearly. When mentioning privacy technology, many instinctively think of regulatory avoidance, but in fact most privacy projects follow a completely different path.
Miden is a typical example. Users have the right to choose when to make their account information public and when to keep it private — this autonomy itself is very valuable. Just like you can choose to post a status on social media or not, it's a personal freedom, not hide-and-seek.
2026 will be a key milestone for privacy technology, as more and more institutional investors enter the market. What they need is a solution that can both protect privacy and meet compliance requirements. Privacy and transparency have never been mutually exclusive; it all depends on how they are designed.