Regulatory Pressure Did Not Shut Down Privacy Tool, Aztec Founders Say

Given the recent spate of regulatory crackdowns in the crypto industry, especially with regards to privacy, it would be easy to assume that Aztec Network decided to abandon its Aztec Connect private payments product due to regulatory fears. However, the company says its reasons were only “commercial” in nature.

Aztec Network, a startup focused on privacy for transactions on the Ethereum blockchain, is switching from supporting its own payments product to developing software tools for the decentralized community to use, its leadership told CoinDesk.

On March 13, the London-based company announced it is sunsetting one of its projects, its Ethereum zero-knowledge (ZK) rollup Aztec Connect. It stopped accepting new deposits on March 23, but will allow withdrawals for another year.

(By Anna Baydakova)

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