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blockchain payment channels offer.Emerging B2B platforms offer private but compliant payments.In crypto, private payments are traditionally associated with privacy coins like Monero.However, new business-to-business (B2B) solutions are emerging that obscure transaction data from the public ledger, while retaining compliance functions like sanctions screening and wallet freezes.Although privacy coins have an important place in the hearts of many crypto users, highly regulated financial institutions won’t touch them with a ten-foot pole.This aversion can be attributed to a regulatory principle known as the “travel rule,” which stipulates that financial intermediaries must collect and transmit information about the sender and recipient of transactions.Originally applied to traditional payments, the travel rule has been extended to firms that handle crypto. As a result, in jurisdictions that enforce a strong version of the travel rule, processing privacy coin transactions, which are anonymous by nature, could land institutions in hot water.Standards published by the Financial Action Task Force mean the travel rule now applies almost universally, although how it is applied to privacy coins varies from country to country.Overall, however, the effect has been a wave of delistings that has increasingly driven the privacy coin market underground, to decentralized venues that regulators can’t shut down so easily.While anti-money laundering regulations rule privacy coins out as a regulated payment instrument, many institutions still want to hide their transactions from public view.As Celo Foundation President Rene Reinsberg told CCN, traditional stablecoin rails risk exposing payment amounts, counterparties and cash flow patterns, which businesses typically prefer not to publicize.The transparent, public nature of blockchains “has historically served as a barrier” to adoption, he observed. Yet, because of the travel rule, fully anonymous transactions aren’t an option either.To resolve this challenge, the Celo Foundation recently launched Nightfall. The Layer 3 privacy solution on Celo is among an emerging crop of payment platforms that enable private, but not anonymous transactions, catering to the needs of regulated businesses.While transaction details are encrypted on the public ledger, “Nightfall is fully auditable,” Reinsberg emphasized.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,779.25 -9.50 (-0.14%)Dow Futures46,875.00 -83.00 (-0.18%)Nasdaq Futures25,145.50 -39.25 (-0.16%)Russell 2000 Futures2,494.80 -6.20 (-0.25%)VIX16.37 -0.28 (-1.68%)Gold3,981.20 +4.90 (+0.12%)PortfolioSign in to access your portfolioSign inTop gainersORBS Eightco Holdings Inc. 11.07 +2.83 (+34.34%)AMD Advanced Micro Devices, Inc. 203.71 +39.04 (+23.71%)SANM Sanmina Corporation 140.00 +25.92 (+22.72%)MFH Mercurity Fintech Holding Inc. 35.79 +6.38 (+21.69%)AAOI Applied Optoelectronics, Inc. 33.79 +5.86 (+20.98%)Top losersAPP AppLovin Corporation 587.00 -95.76 (-14.03%)CVCO Cavco Industries, Inc. 498.60 -71.83 (-12.59%)QUBT Quantum Computing Inc. 22.16 -2.46 (-9.99%)SKY Champion Homes, Inc. 69.50 -6.85 (-8.97%)PSIX Power Solutions International, Inc. 84.58 -7.70 (-8.34%)Most activePLUG Plug Power Inc. 4.1300 +0.3299 (+8.68%)OPEN Opendoor Technologies Inc. 9.28 +1.17 (+14.43%)AMD Advanced Micro Devices, Inc. 203.71 +39.04 (+23.71%)NVDA NVIDIA Corporation 185.54 -2.08 (-1.11%)ACHR Archer Aviation Inc. 13.64 +2.07 (+17.89%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersAMD Advanced Micro Devices, Inc. 203.71 +39.04 (+23.71%)APP AppLovin Corporation 587.00 -95.76 (-14.03%)TMQ Trilogy Metals Inc. 2.0900 +0.0100 (+0.48%)VZ Verizon Communications Inc. 41.44 -2.23 (-5.11%)NKE NIKE, Inc. 71.17 -0.76 (-1.06%)Top economic events