PANews April 29 news, according to Cointelegraph, Aptos has launched a new type of privacy coin "Confidential APT", which is pegged to APT at a 1:1 ratio and uses zero-knowledge proofs to hide balances and transaction amounts while preserving transaction verifiability. A previous governance proposal passed this privacy feature with nearly unanimous support. Sherry Xiao, founding engineer of Aptos Labs, stated that this privacy coin can prevent competitors from tracking financial movements and trading strategies during enterprise on-chain transactions, address the issue of salary transparency caused by on-chain payroll for employees, and reduce the risk of users being targeted for scams based on wallet profiles. Confidential APT can meet KYC and anti-money laundering compliance requirements under investigation or subpoena using an audit key, which must be authorized through on-chain governance voting to be activated, allowing only relevant parties to view amounts during investigations while still protecting user privacy by default. Unlike Monero, the address and transaction verification process of this privacy coin are publicly visible.

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