Miden's approach to privacy protection is quite interesting — it does not impose a unified compliance rule at the protocol layer but instead leaves this to the application layer and asset layer to handle. The advantage of this approach is that it maintains the openness of the network without building any permission mechanisms, while also providing enough flexibility for real-world applications to meet regulatory requirements in different regions. In other words, privacy and compliance do not have to be at odds; the key is where the problem is addressed. Decentralizing decision-making to a level closer to the business can actually better balance the needs of both.