Acceptable Privacy for XAND Blockchain

Recently, the privacy of blockchain transactions has taken center stage. Privacy is an essential feature of crypto-transactions. We have seen privacy-preserving cryptocurrencies like Monero with Cryptonote protocol and Zerocash with Zk-SNARKs. However, the privacy of transactions comes at the cost of the transactions not being visible at all to any regulatory bodies. In most developed or developing countries, the Government is democratic, and it is generally a good idea for the Government to be able to prevent illicit activities like foreign exchange frauds, black markets, criminal funding, and drug trafficking. The XAND blockchain aims to resolve this problem by allowing some authorized participants to view the transactions, while at the same time maintaining the privacy of the transactions from other regular users, including the validators.