Starknet developing privacy tech for regulatory compliance

Starknet (STRK), an Ethereum Layer 2 network, is developing new technology to offer privacy features that comply with regulations, The Block reported. The technology is designed to allow project teams to issue stablecoins and other assets using encryption to protect transaction information and balances from public view. It is part of the STRK20 framework currently under development by StarkWare. Starknet plans to introduce the feature to its network later this year.