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This sounds like a federation made by exchanges. This is even worse than Ethereum

You are looking at the right things. And Liquid was designed with those in mind.

In addition, Liquid's Confidential Transactions blinds transaction amounts and asset types, making distinguishing what on-chain output(s) to censor nearly impossible, unlike other blockchains like Ethereum.

https://blog.liquid.net/the-truth-about-liquid


How does Liquid keep my transaction data confidential?

https://help.blockstream.com/hc/en-us/articles/900001390743-How-does-Liquid-keep-my-transaction-data-confidential-

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