Topic: Governments against privacy-oriented cryptocurrencies (Read 4879 times)

Exactly. The situation becomes worse for privacy-oriented cryptocurrencies as transactions are completely obfuscated from the public. Combining this with the decentralized and distributed nature of crypto, you get a financial system that is completely independent from the government. That's something that bothers worldwide governments since they want to enforce control over people after all. It wouldn't be surprising if they start cracking down on privacy-oriented cryptocurrencies, because of this reason. They've already been forcing exchanges to comply with KYC/AML. Most centralized exchanges have already adopted KYC, due to government pressure. Exchanges that don't comply with these regulations, will be shut down by the government itself.

I believe that the same thing will happen with privacy-oriented cryptocurrencies as governments force developers to implement a KYC system among them. Privacy coins that don't comply with this, will be threatened by governments in many ways. But the government's reach will be limited by how many people will allow them to proceed. If people join themselves together in order to protect this revolution from experiencing a massive crackdown, then governments efforts will be put in vain. Otherwise, it'll be the end of privacy coins and crypto in general as we know it. Just my opinion

Anything that cannot be controlled is disturbing to governments. It is obvious that they will do everything possible to boycott the development of crypto.

I'm afraid this will happen soon, as the US government is becoming "strict" towards the development of the entire crypto industry. Their excuse for banning privacy-oriented cryptocurrencies will be that they're the main payment system for money launderers. However, that's not largely the case since money launderers use Fiat currency for their nefarious tasks than crypto itself. The true reason of an outright ban will be to prevent people from hiding their transactions from government's surveillance programs. After all, they want to remain in power and the only way to do this is to control the entire monetary system.

Still though, it'll be possible to continue using privacy-oriented cryptocurrencies no matter how hard governments try to stop them, because of their distributed and decentralized design. People will adopt other methods of gaining access to these cryptocurrencies, putting in vain government's efforts. If governments wanted to stop this revolution, they would've done so within Bitcoin's early days. Now, it's virtually impossible to take down everything as Blockchain has grown to levels far beyond reach. Governments will have to join this movement or be left behind in the dust. Just my thoughts

The moment that US starts showing interest which I am already seeing, that is the moment that the whole adoption will start, and it is already showing through the involvement if tax men on the some of the exchanges that holds the investment and transaction of their citizens, I see they are already trying to regulate coinbase that is domiciled in their country, and also making the biggest exchange which is binance o also separate their citizens into a different domain for proper monitoring.

I think that United Kingdom also is already following this line too, so it is a matter of little time more now before we see full force regulation on the cryptocurrency market, and yes as he said, those anonymous coins are the ones that will be a scape goat for the government more.

The tone in the thread has really changed and People are beginning to see how government can influenc/control Cryptocurrency use. Some early crypto adopters and enthusiasts that are advocate with strong influence are under watch in the US according to John MCafee, The adoption of privacy coin had reduced and users are more careful, more so, countries are also controlling the use.

We can see that Dash, ZCash and Monero are still in the top exchanges. Governments are surely against privacy-oriented cryptocurrencies. But they will always exist if cryptocurrencies don't die. There will be always some people who are going to create new privacy coins or buy the old privacy coins.

A vivid confirmation of what you are talking about was in Norway.  When they abducted the wife of a businessman and demanded a ransom in the Monero cryptocurrency.  Against this background, it is very convenient for governments of different countries to use such cases and prevent the spread of confidential cryptocurrency.  Of course, there are other reasons why governments are trying to prevent the introduction of technology to the masses.

Probably, the privacy of these cryptocurrencies does not play the main role. Besides, some governments started the regulation of crypto operation and everything connected with them. For instance, in Iran, mining has become a legal business. However, now, each miner will have to pay taxes for the country.
The electricity is cheap in this country, and people will mine with pleasure.

You two are the definition of "Sheeple".

I agree with you and this is one of the main reasons why upcoming projects and other old projects already on the market are now introducing KYC into their systems. In the near future where governments will decide to accept cryptocurrency because they cannot stop it completely, there will be regulations on its transactions and other activities hence all privacy-oriented cryptocurrency must undergone changes in order to for governments to know who is behind any transaction.

I have also thought about this as well. In time to come government may want to accept cryptocurrency with a degree of regulation. When that time comes, privacy coins will either have to adapt quickly by changing the fundamentals of their project or be swept aside forcibly due to regulation requirements

My thoughts on this : Dash is not a privacy-oriented cryptocurrency, as Dash provides optional privacy as just one of its many other services.
Other Dash services / Dash focus points :

* providing fast, low cost and secure transactions (secure in the sense of protection against double spending and immediately spendable)
* setting up and supporting global on-the-ground teams in those countries that struggle with their own traditional payment system (Venezuela, Colombia) or where high operational costs occur
  (intermittances & legal cannabis markets)
* providing incentives and requirements to keep its full nodes online 24/7 (also known as its masternode network)
* having a decentralized governance and budget system in place, which allows Dash to operate and pay its developers even in a bearmarket
* active protection against 51% attacks on its network, through ChainLocks
* developing Dash Platform, Dash Decentralized API, Dash Drive and more user-friendly wallets for users and merchants. All combined will provide Dash with more use cases, more users and more merchants.

The number of Dash PrivateSend transactions is actually very low, compared with Dash normal transactions.

Link :

https://dashradar.com/charts
https://dashnews.org/private-bitcoin-transactions-over-double-all-privacy-focused-cryptocurrencies-combined/

Dash may have been privacy-orientated in its early years, but Dash has certainly evolved since then.

 
      

From what I read, privacy coins like Monero have been banned in Japan and maybe America will do the same thing. Privacy coins may be good for users who often transact with crypto but want to remain anonymous but actually for investors it is not very influential because basically investors are more important to take profits from their investments

Indeed there are still many people who think that cryptocurrency is more widely used for illegal activities but actually they are wrong. Many governments still have old thoughts and are still fixated on old regulations, while technological developments continue to progress. Hopefully in the next few years, more and more governments will open their minds to regulate cryptocurrency and its use so that crypto adoption can run faster

Governments and the people in power are still shying away to accept the existence of cryptocurrency. They argue that cryptocurrency encourages illegal activities and terrorism. But in fact, cryptocurrency will assist transaction and make lives of the people easier. But no matter government comes hard on privacy coins or other coins, there is difficulties in controlling it.

The governments are against such privacy oriented cryptocurrencies because they believe that cryptocurrencies are used for illegal activities such as money laudering, drug trafficking, terrorism funding etc due to the fact that the identities of senders and receivers are anonymous. This is what has called for the numerous request for KYC submission from recent projects on the market.

What kind of drugs are you doing?

All will be banned. One government will set up a "patsy" and jail them for 20 years are scare everyone.

I have to tell that I fully understand your position in this particular discussion, however, I do not share the belief of the goverment turning down XMR/GRIN. Sure, they might be capable of pushing them outside the world of "common transactions," but they exist and the black market is unstoppable just like human desires. They would participate in a war they have no chance winning of (and even funded by taxpayers money... tragic in its own way). I really hope they will realize that technology has finally reached a point when no authority is big enough to stop decentralized systems of p2p transactions. Oh Lord, I know this will be bloody... Nonethless, as long as there are people looking for freedom as their primary desire, privacy will be seeked at all fronts (including transactions).

Guys, one way or another, we will have to come to terms with the fact that the cryptocurrency will be under control.  Cryptocurrency users can exchange funds with each other, but buying goods using cryptocurrency will not be possible anyway, because any business is under state control and there are certain rules for entrepreneurial activity.  If there is an acute question regarding KYC and tax returns in relation to cryptocurrency, then we can not change anything.

Government will never like what they have no control of. About privacy coins, it will al ays be difficult for the government to trace any individual transactions or place a charge against anyone for amounts of transactions made.

No government will ever recognize cryptocurrency as a legitimate means of mutual settlements between people, because this will lead to the loss of one of the main control levers that government has. Of course, they cannot turn off the Internet to make the entire infrastructure disappear, but what they can do is to prohibit the exchange of cryptocurrency money for fiat, which is now being done in some countries. Tell me, who will be interested in cryptocurrency, if you cannot use it to buy a food to feed your children, and at the same time not able to exchange it for fiat money?

I believe they made it against regulations for their exchanges to list them or some such thing but I am not sure.

Exactly. But still, privacy-oriented cryptocurrencies can be "rigged" by the developers themselves (like for example, placing a backdoor on the cryptocurrency for the government's intervention). As far as I know, Zcash is a privacy-oriented cryptocurrency which has plans of implementing a backdoor (if they didn't implemented it already) in order to allow governments to take action against any suspicious activity on the Blockchain. This would prove to be bad against the censorship resistance cryptocurrencies have been known for a long time. A link of the article explaining the backdoor can be seen here: https://blockonomi.com/zcash-backdoor/

Despite the efforts done by many governments worldwide, they'll never succeed because of the open-source and decentralized nature of crypto. If a specific privacy coin gets compromised, the community can easily create a new fork of the same with stricter anonymity features. The ecosystem will continue to adapt until it's resilient enough to withstand anything along the way. The strongest privacy-oriented cryptocurrency yet is Monero with a battle-tested technology that's proven to effectively anonymize every single transaction made on the Blockchain without intervention from third parties. Whereas other privacy coins like Zcash and Dash provide optional anonymity, Monero enforces it at the protocol level.

Nonetheless, it's no secret that governments want to gain control over the world's monetary system. The moment they see privacy coins rising in popularity, is such where they'll do anything at their disposal to stop them. After all, it's nearly impossible to track every single transaction made on privacy-oriented blockchain ledgers, which prevents the government from taxing them, as well as, tracking criminal activity. Which is why, the battle against privacy coins will be a never-ending one. Hopefully, privacy-oriented cryptocurrencies would survive for a long time as people give their full support. Just my thoughts

Japanese government did not ban anything. That is FUD that come out in media. Show me the law where code was prohibited please.

With freedom, privacy come many problems
Look for example on ICOs - they are completely free what they can do with the raised funds, even they can scam you because they do not guarantee you anything! Also you are completely free to avoid investing into ICOs. 

Many cryptocurrencies support anomizers, how can this be prohibited?
Even if they close the range of addresses, they will not be able to do anything, since the coins will work on another.
You can consider an example of a telegram messenger that was banned and invested quite a lot in blocking it, but it works.
And cryptocurrencies are still mainly used by advanced users, so there will be workarounds anyway.

The Japanese government has already banned the use of cryptocurrencies with a high degree of confidentiality, such as Monero, Zcash, Dash. Therefore, such a ban is also possible on the part of other states. States will inevitably over time tighten the regulation of all cryptocurrencies, and this will especially apply to those that have a high degree of anonymity. It is hard to say where this will lead.

Normally a privacy centric project is in the ballpark of an aggressive governments reach if they wish to attack. And there are a myriad of vectors for said action so we have a saying, Complacency kills, and i think it is appropriate for this discussion.

I think governments can do nothing against privacy coins. They can't ban or regulate, mean to say governments have no control over crypto or more specifically over privacy coins.

Confidential coins cannot be controlled, therefore it is not surprising that governments do not like them and they intend to fight them. But for example, European politicians proposed deanimizing Zcash wallets so that the owners of this coin could further trade it on exchanges and use it for their own purposes. Apparently because of this, the price of Zcash, Dash and Monero fell so much.

If crypto would get mass adopted there would be place for privacy coins alike Monero, because governments are fighting against any privacy sources. They are not able to keep things under control when somebody runs anonymous.

Landlord and you can simply change the way how you determinate your rent.  It is simple. If cryptocurrency is useful for landlord to use and for you to use you will not decide to not use it simply because you had set rent that way.

That's certainly true, mate. All governments want is supremacy and control over their citizens. They achieve this by making people use their national currency over any other alternative they can't control. Their main excuse is money laundering, but the truth is that illegal activities also happen within Fiat. Money is a double-edged sword as we know it. It can either be used for good things or bad things. Knowing that governments have paid attention towards crypto and Blockchain technology, shows us how worried or concerned they are.

Governments believe that alternative currencies like Bitcoin, and Ethereum will become a threat to their current monetary system. That's why they've been implementing fierce regulations in order to avoid crypto from overcoming Fiat anytime soon. But it's very unlikely they'll succeed as the revolution has just begun. Blockchain technology is too big to fail nowadays, which leaves governments no choice but to join it or be left behind.

As for privacy-oriented cryptocurrencies like Monero and Grin, they'll always be the number one target from central banks and governments worldwide. This is largely because, all transactions are obfuscated which prevents governments from taxing these cryptocurrencies. On the hand, transparent cryptocurrencies like Bitcoin and Ethereum have a greater chance of becoming accepted by worldwide governments because it's easier to track & trace transactions for taxation.

Nonetheless, the future of privacy-oriented cryptocurrencies largely depends on how many people support them. Despite the ever-growing restrictions from governments worldwide, people need to find alternative ways to continue using these cryptocurrencies in order to keep the ecosystem alive. Considering how big Blockchain technology has become, it's becoming more difficult for governments to be able to shut it down in every way. Which is why, I believe that privacy coins and ordinary cryptocurrencies like Bitcoin and Ethereum will be here to stay for many generations. Just my opinion

Imagine if you were a Landlord and the agreement with your tenants is that they will pay you 10% of their earnings, and then suddenly a new method is introduced that would enable them hide their earnings from you, would you like that new system or would you kick against it? That is the exact same thing happening between Governments and Privacy Coins.

Not only Governments. Everyone. Also robbers. Robbers need to know who have wealth to steal it. If they dont know they are totally in a dark and cant steal it.  Transparent ledger cryptocurrencies have some advantages over opaque ledger cryptocurrenies, but also some disadvantages. I believe security and safety will overrule all the rest.

One thing Governments around the world all have in common is the desire to monitor the funds of it's citizens so that they would be able to tax it accordingly, Privacy coins threaten this control and would leave them in the dark.

Yes i expect the government to be against privacy coins because they believe it will be a dangerous tool for money laundry and other bad things so government wont be able to have control over it,this is one of the reason i think privacy coins will be the most popular cryptocurrencies of the future

Because I have been in the crypto world for quite a long time, for me it is not surprising if I hear that the government is not very familiar with crypto currencies. Even in a short amount of time we can find out how much the government despises a transaction and people whose wealth cannot be traced.

Define Survive, did you actually mean to use the word flourish?

The government by any means will seek to gain control over financial flows that can be used in not-so-legal transactions and, moreover, cannot be tracked and blocked. Therefore, we are waiting for the regulation of cryptography sooner or later, and it does not matter for the good we work with cryptocurrency or for evil.

If you think from a govt side, this is true and privacy cryptpcurrency must not be survived. However, in a decenttalized era, I don't think people will feel comfortable to share their financial activity with govt. I too support using privacy oriented currencies. With bitcoin and the US currency (in fact all traditional currency), people are still doing illegal activities. So, what's wrong with privacy oriented cryptocurrency?

Unfortunately, that's the truth cryptocurrencies are facing right now. Most governments have been somewhat strict towards the future development of crypto and Blockchain tech, mostly because these technologies give power to the people. Since governments aim to achieve power and supremacy over its citizens, they're capable of doing anything to prevent revolutionary technologies like Blockchain from becoming widely adopted by people in the mainstream world.

Transparent cryptocurrencies like Bitcoin and Ethereum may have been approved by most governments worldwide because they're easier to tax than privacy coins. But, if such cryptocurrencies become a threat to the government, they'll be stopped at all costs in the same way as privacy-oriented cryptocurrencies like Monero and Grin. There's no other way around it. Even if governments successfully ban the use of cryptocurrency, they won't be able to take down the Blockchain no matter what. Thanks to the distributed and decentralized design of Blockchain tech, cryptocurrencies can continue to be secretly adopted by people in the mainstream world using other means. Given how big the crypto industry has grown nowadays, there are various networks and alternative Blockchains which allow people to circumvent restrictions imposed by the government (like the TOR network, the i2p network, decentralized exchanges, etc).

Which is why, I believe that privacy-oriented cryptocurrencies will continue to be supported and used by many people worldwide. Of course, transparent cryptocurrencies like Bitcoin and Ethereum will have the most amount of users. But, privacy coins will serve as an option for people looking for true freedom and unparalleled privacy. Nonetheless, the future of privacy-oriented cryptocurrencies will largely depend on the people themselves. Just my thoughts

I think when the time comes the governments will control/ban all the cryptocurrencies that won't cooperate with them - not only the most private and anonymous. So, now it's time to earn some cash with these coins, while it's possible. This hype will end soon I bet, maybe even this year.

Are you sure this is a serious problem today? Think about what percentage of people today use these technologies to solve everyday problems? The state begins to panic when it is forced out of the market  . Today, fortunately or unfortunately, the goverment is a monopolist in the field of money.

it seems that the dynamics of crypto currency continue, I think the government has excessive anxiety and only sees negative impacts without thinking about the good side. but I am sure that as the world progresses everything will go well as well as the dynamics that occurred during the barter period to the first currency system.

Of course governments are going to be against privacy coins because they aren't able to outright track and trace. That's why I think companies like ciphertrace who are pushing for proof of knowledge identity protocols to be implemented will help bridge the gap between governments and the crypto community

Apart from having a statutory control over cryptocurrency by governments, the onus is only on them to check mate money laundering and the purchase or smuggling of prohibited items into their respective countries. This they believe helps them fight crime. That is why crypto IEO and exchanges demand KYC for certain transactions

Fro PoW crypto currency to die, specially the one that cant be ASIC mined is really hard. You can see 1000 cryptocurrencies right now exist without any use case and any hope it will ever have and use case. All you need is one guy mining it and it works.

Governments are concerned about seeing how transactions are done. Block chain technology is meant to be transparent, so doing that which hinders a lot of info, shows that their concern is being affected and it is not meeting their demands. With such happening, there will be a lot of condemnations from them

This is kind of a short-sighted belief. Even with an intent to “criminalize” those private coins government can not stop people from using them entirely. Their official status might be controversial, but its positives are playing a big role for people who want to hide their transactions from the BB. Who knows, if the supply is going to be reduced by central authorities, its value might pump up.

We can see that the future for cryptocurrency is getting dimmer. If governments try to terminate privacy coin because they will not be able to have their share of tax from it, tightly regulating public coins like bitcoin and ethereum will also be making it hard for investors. It will also be killing public coins little by little and making it difficult for investors to cope up with and for crypto exchanges to comply with those regulations, thus resulting to more and more exchanges shutting down.

I think privacy cryptocurrency coins are the ones that really serve the purpose of cryptocurrency because they are decentralized and private. the government are against cryptocurrencies because they cannot monitor and evade on our privacy like they do with centralized networks. but the truth is that crypto is beyond them and they cannot stop it.

The more Governments around the world try to restrict Cryptocurrencies, the better i people get at hiding their activities, thankfully Cryptocurrencies are decentralised.

But privacy coins can still get a large following or supporters. Those who really value their privacy will stick to these cryotocurrencies so the government can't do anything about it. In the long run, it will survive because it already created a strong fan base that they will support this type of coin all throughout.

Maybe governments won't be able to stop the widespread usage of privacy-oriented cryptocurrencies, but they could restrict their growth in many ways. As worldwide governments reach a common agreement to put an end towards criminal activity related to such coins, the development of the space will stale by a large margin. Still though, it'll be difficult to achieve a full crackdown on privacy-oriented cryptocurrencies because of their distributed and decentralized design.

Even if governments find a way to cease the usage of privacy coins (at least for the time being), people will always find alternative ways to use them. With P2P trading, decentralized exchanges, and more, it's widely possible to continue using these cryptocurrencies without restrictions. But, everything will depend on the people themselves, whenever they will continue to adopt privacy coins like Monero and Grin or not.

In the end, transparent cryptocurrencies like Bitcoin and Ethereum will always be admired by governments worldwide, while privacy-oriented cryptocurrencies will become an alternative payment system for people worried about massive surveillance from the government. But be aware, that privacy-oriented coins won't gain as much support and traction from the general public because of the misleading reputation given by governments themselves. Just my thoughts

Most people and most governments and regulators will support over transparent ledger cryptocurrencies simply because hidden wealth is most secure wealth. With expansion of transparent ledger cryptocurrencies that we will see in upcoming years we will see a lot of troubles that they cause.

Governments are always interested to control its citizens, I thought it was no longer a secret for anyone.  So attempts to restrict the usageof privacy-oriented coins are absolutely expected, but I do not think that they will succeed in completely banning their use, because no one can restrict p2p transactions and decentralized exchanges

No wonder. Government wants to control everything. If people get financial freedom, they’d get too independent.

Agree. We should take our part in supporting the future of cryptocurrency in every way. Regulations that go against cryptocurrencies can be easily counteracted by not voting for specific entities within the government. Of course, this easily applies to democratic governments like US and UK where people have an equal say with their votes. But, in communist countries like China and North Korea, that's not widely possible. Eventually, there would be a massive crackdown into privacy-oriented cryptocurrencies from such governments in the world.

This is because, governments want to stay in power and control finance. They claim that their biggest concern is money laundering, when in fact, most privacy coins are not being used for that. Fiat currency like the USD is largely used by money laundering, but it's not as targeted as cryptocurrencies themselves.

Still, if governments manage to stop the wide-spread usage of privacy-oriented coins worldwide, then people will always find a way to get access to them. With alternative networks like ZeroNet, Tor, and i2p, anyone can get access to privacy coins without restrictions. For trading them into Fiat or another cryptocurrency, then the only way to do so would be in a P2P fashion.

Nonetheless, let's hope that privacy coins like Monero and Zcash, will survive for a very long time. As long as most governments support them, there should be nothing to worry about. Just my thoughts

I guess that it's not so difficult to make truly decentralized exchange where one can exchange between Bitcoin and Monero. And when there will be no easier options, that's what people will use.


It's unfortunate that the governments could actively try to constrain anonymous coins, but they cannot actually stop them. However, for now the actions against anonymous crypto are weak, so maybe it's a bit early to worry?

Know it. They cannot prevent this. They can not interfere even the dark side of the Internet. I think this obstacle of anonymity will cause a new stream of anonymous exchanges and the growth of anonymous cryptocurrencies.

In general, on the last bench in Japan, the G20 should have discussed the fate of cryptocurrencies and regulating them, however, looking at the news for several days, I did not find any confirmation that this dispute was discussed. So we can sleep for another year.

How those people can get anonymous coin like dash, monero if they are not using exchange site? Please, you should put exchange site as the main problem why the government still able to control it even it was not having control over the blockchain that used decentralized consensus like Pow

a very big part of the reason for that is because the anonymous coins are mainly used by people who want to do something illegal. they are the ones that will always ruin it for everyone else too. so it is partly understandable to see how governments would be against all these types of coins and for good reasons.


i don't think governments are going to ever "support" bitcoin because it is decentralized and even though it is not an anoncoin, it provides a lot of privacy and is out of their control because of its decentralization.

they may support ethereum though because it is centralized and they can easily control it.

as for survival, i don't think ETH can survive in the long run even if it had government support because it is flawed. and the more apparent its centralization gets the more it will fail.

As long as the internet is active there will be people who will like to stay anonymous and there will be people who would like to make anonymous transactions.
There will be people who would make such currencies which will provide such services. So in my opinion the competition will never stop.

It is quite expected that after imposing stricter rules on these exchange, people will start using privacy coins. Authorities may try but unfortunately for the them, it won't work. They can go after these exchanges, mixers, and tumblers but they can't impose anything on the cryptocurrency itself.

On my own opinion I will agree with the government because all we know that online transactions using crypto is very fast and easy so criminals or illegal transactions will perform very easy if there is an privacy-oriented crypto government will afraid that using crypto will be a subtance to crime. If we are doing good and only business or an illegal transactions I think there is no reason to hide.

Of cos government always want control over everything and privacy coins and tokens are threats for them ,but I don't think there is anything they can do about it ,john McAfee is the only one supporting these privacy coins

When the government has lost the control over the funds that gone to privacy crypto they will take an action against it, not a rocket science to think logically that such privacy crypto prone to missuse of illegal activities, while there's some cases revealed some of them left uncovered.
Some people are just too paranoid of their privacy making them create such thing while I don't blame this kind of coin but I totally understand what will the government do.

we have the same though. Our crypto market is no longer a low market capitalization, it is really attracting great attention from many genuine investors and large corporations.
So, in order for the crypto market to be safe and better, the background security money is expelled from the market. because the government does not want the appearance of money laundering.
When the market grows strongly, many investors will evade taxes by laundering money in monopolies like Monero, Zcash and the government cannot do anything about them.

How can they prohibit anonymous cryptocurrencies? It will not be possible to track them, the only option is to remove them from the exchange, but not all exchanges will want to do it. People will be able to make exchanges and exchange coins among themselves. Of course they will affect the course of the coin, but it will give new ideas for solving this problem.

Monero is fully SEC compatible. So I dont expect there will ever be any such problems as ETH or other ICO coins will have.  I do not see that any government has been oppressive towards Bitcoin. Bitcoin is cryptocurrency that is by far most used on dark markets. Governments will regulate exchanges. Cryptcurencies like Monero or Bitcoin cant be regulated.

I honestly do not think that governments will still be able to control privacy platforms entirely. They might have to do some sort of reporting esp for businesses but overall making them non existent isn't true. I am still a firm believer and user of privacy coins and looking forward to Elixxir's upcoming privacy platform too

We all know that governments want to be in control. If they could they would want to control bitcoin too. Should we be scared?

If they find a way to deal with privacy coins other coins will be next. We should oppose their actions from the start and show them that the community supports privacy and decentralization. Show them your stance and don't vote for those who want to control the economy and strtip you of your right to privacy.

Now simply can say that these government will not accept any decentralized cryptocurrency stay longer in this world. Then they will comes to adopt such cryptocurrency for their business or any other purposes.
We wish to invest on decentralised cryptos only soon this government can understand what is fact among crypto community.

It was expected privacy coin is similar to dark web ,government ban them still people use them ,i think sooner later government will ban privacy coin as they want everything under their control as they want to gain profit from crypto as well but for now we have to worry about SEC or other government regulated body regulation that they are going to impose on crypto.
There is no denial to it that majority of wrong thing/trade/other stuff payment are done by crypto ,to be more accurate privacy coin so i think it will continue to grow as huge dark market depends on it so i think we should look forward to regulation rather than worry about privacy coin.

The inception of privacy-oriented cryptocurrencies like Monero, Zcash, and Dash, has revolutionized the way we transact on public blockchains. Whereas everything is transparent in Bitcoin, privacy-oriented cryptocurrencies obfuscate sensitive transaction information. Now, cryptocurrencies like the ones mentioned earlier, have increased exponentially in price over the past years.

However, the very existence of these cryptocurrencies could be threatened over the long term, as most governments have been oppressive towards the growth of crypto and Blockchain technology in general. The US has been cracking down on exchanges and tokens with the SEC, and it's only a matter of time before it hunts down privacy-oriented cryptocurrencies too. After all, the excuse of governments is that privacy coins encourage money laundering and criminal activity. While this is true in part, their main intent is to prevent ordinary people from gaining access to fully private cryptocurrencies like Monero and Grin.

Nonetheless, it may not be long before many governments turn themselves against privacy-oriented cryptocurrencies. Since governments want power over people's transactions, a privacy coin like Monero turns the tables against them. Hence, only transparent cryptocurrencies like Bitcoin and Ethereum will survive in the long term as governments support them in every way (as it's much easier to track and tax them).

What are your thoughts about this?