Future of privacy coins and tokens? - page 2.

electronicash

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Quote from: jrrsparkles on December 29, 2023, 09:46:22 AM

Quote from: Makus on December 29, 2023, 09:40:40 AM

What's up with exchanges now delisting some trading pairs of altcoin? If am not mistaking early this month binance delist some trading pairs and now we are seeing another one. Though this might be for the health of the exchange so they won't be running into trouble with the SEC or regulators. Anyway, it seems they are just trying to escape from what happened to a binance and the regulators concerning money laundering.

Exchanges delist coins primarily for two reasons,

1. When the volume of the coin/pair is not really upto the market they expected to be and maintaining wallets and spending funds for the security of funds will be a net loss.

2. When government/regulators force them to do.

OKX is a Korea-based exchange, it does mean the regulation is forcing them to do it, and maybe low volume as well is the issue. people today don't care about privacy which i guess there is not much volume to the pairs and maybe the coins are also not getting many buyers.

i don't even see many people discussing anymore about these coins. there used to be more developers launching anon coins but this year i see none. the market is just saturated.

tsaroz

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Privacy based coins are in a constant attack by the authorities specially by the law enforcement agency from US. Privacy based coins are used mostly by people who are either money laundering, doing illegal business or are involved in funding terrorism. Privacy focused coins are hard to trace and track. That makes it impossible for the law enforcement agency to make anyone liable for any transactions. The recent decision of this forum to stop advertising mixtures are an example how difficult it is for a legal business to accept privacy focused coins.

Makus

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Well in this case I guess it's obvious the regulators are the one forcing the exchange to make those changes. The recent happening with the SEC and regulator, is just too obvious that their intentions aren't the one of good in this crypto network. They act like crypto is a big threat to them. Even if it's just moving on its own harmlessly. I don't know what to say anymore, is gaining power over something worth the comparison from the benefits you can get from it? Truth is, they are just being selfish.

jrrsparkles

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Quote from: Makus on December 29, 2023, 09:40:40 AM

What's up with exchanges now delisting some trading pairs of altcoin? If am not mistaking early this month binance delist some trading pairs and now we are seeing another one. Though this might be for the health of the exchange so they won't be running into trouble with the SEC or regulators. Anyway, it seems they are just trying to escape from what happened to a binance and the regulators concerning money laundering.

Exchanges delist coins primarily for two reasons,

1. When the volume of the coin/pair is not really upto the market they expected to be and maintaining wallets and spending funds for the security of funds will be a net loss.

2. When government/regulators force them to do.

Makus

sr. member

Activity: 420

Merit: 260

DGbet.fun - Crypto Sportsbook

What's up with exchanges now delisting some trading pairs of altcoin? If am not mistaking early this month binance delist some trading pairs and now we are seeing another one. Though this might be for the health of the exchange so they won't be running into trouble with the SEC or regulators. Anyway, it seems they are just trying to escape from what happened to a binance and the regulators concerning money laundering.

jrrsparkles

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Activity: 2436

Merit: 272

Hire Bitcointalk Camp. Manager @ r7promotions.com

More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange's listing criteria.

Privacy tokens dash (DASH), monero (XMR) and ZCash (ZCH) slumped as much as 10% as prominent crypto exchange OKX said Friday it will delist their trading pairs on Jan. 5.

While OKX did not explicitly say it was banning the tokens because they offer enhanced privacy for transactions, many of those listed fall into that category.
Privacy coins are cryptocurrencies that preserve anonymity by obscuring the flow of money across their networks. They make it difficult to work out who sent what to whom – which is useful if you don’t want anyone snooping on your financial activity – and are not popular with regulators.

Privacy Tokens DASH, ZCH, XMR Take Hit as OKX Says It Will Suspend Trading

This isn't a big surprise at all because regulators have strong hammering the privacy coins for a while and they already made most exchanges to delist privacy coins and now OKX has also been added to the list of exchanges which means there is no future for the privacy coins in the crypto market?

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