Topic: Monero get delisted, again (Read 848 times)

i tried to visit the link provided on the opening post but i got a " 404 not found " error .  what happen ? is the case resolved and they decide to delete it for reputation matters because ln the link it " says sexual explotation  " and we know what that means .

policy of most exchange is to delete coins that is less to zero demand . that happened because the use of monero get affected due to  the issue it faced .

Low marketcap? Its unlikely to happen and never ever underestimate or look down much on how these drug dealers you've been calling or similar people who do make use on illegal aspect
that could create huge volume even if they dont need to deal up with centralized exchangers.If this one gets gradually delisted then there are still some options left but to say that this would
really be hard until everything would really be closed or prohibited down for XMR but its just too early to presume things out but it isnt surprising that government is
trying to suppress all things that would really oppose centralization which isnt a shocking thing.

Maybe this is just policy of the exchange but no worries XMR is still one of the toughest privacy coins out there

That's certainly true, mate. Centralized exchanges will have no other choice but to comply with government regulations in order to maintain their business. This could lead toward the de-listing of privacy coins as we know it. While this is inevitable, Monero can still be used "under the table" due to being "private by design". There are some decentralized exchanges trading XMR out there, in case everything goes down the drain. It's evident that a coin like Monero will gain negative reputation in the mainstream world, since it can be largely used for illicit activities. This alongside exchange de-listings could lower the price per XMR, lowering its market cap as well. As long as XMR remains actively developed and supported by the community, it won't be going anywhere. You can still trade XMR in decentralized exchanges, P2P trading platforms, or even in-person. There's no need to worry about centralized exchanges going "rogue" on XMR, since this is to be expected.

In the end, transparent cryptocurrencies like Bitcoin and Ethereum will remain largely relevant in the mainstream world as centralized exchanges dominate the crypto space. The minority will be trading and using Monero regardless of what happens in the long run. I wouldn't worry about XMR getting de-listed on most (if not all) centralized exchanges, since there is a workaround thanks to the decentralized nature of crypto. Governments will declare privacy coins like Monero and Zcash to be illegal, while traditional cryptocurrencies will be legitimized. In my book, Monero will be a one-of-a-kind cryptocurrency unbeatable by external forces in the mainstream world. Just my opinion

Monero is still the top cryptocurrency, but their development has not had a huge impact, there is no more hype at Monero, just like other big coins like NXT, it's better to invest in projects that are always evolving and following trends

They are more coins out there that has more potential than monero in terms of price growth, which i can see why people dont buy it and also because of government pressure. Most people out there invest in crypto because of potential money to be made and not because of privacy stuff.

Based on what we are seeing, it seems that the government itself is the one that might be behind the delisting. The financial institutions of that country are wary of the threat of privacy crypto and they are pushing back so that they can prohibit any type of technology that basically cannot be controlled by their sector. It is not surprising for a country that is somewhat leaning on the left side of things. Centralization and government control is what they wanted and they don't want privacy coins.

Well, it is very unfortunately for high value coin like monero to get delisted in several exchanges.
The one to blame is the people who using it for criminal, the monero coin itself is not a bad coin.
People sometimes need privacy to send money, it doesn't mean they are criminals.

it is a pity that monero is repeatedly delisted from the exchenge, sometimes I wonder if the news regarding the use of monero are actually true and confirmed! being a privacy coin it should at least guarantee anonymity, not only on the user but also on its use, I agree with those who say that it will become a coin only for drug dealers at this point.

Yeah but for how long... Sooner or later those exchanges will be given 2 options:

1- Do as we say and keep your business (or what's left of it)
2- Go to jail

In the end of this, xmr will be just like what btc was once. A low marketcap coin only the drug dealers use.

Regulation has something to do with it, they do now want privacy coins because authorities want to trace every transaction, they do not want abuse and they don't want criminals to use Cryptocurrency for money laundering, because we all know Monero has privacy and mixing features where it's hard to trace transactions.

This getting delisted is not a new thing but it will start making traders and investors to be scared of trading Monero. But to think of it am sure they are delisting not Because its not a good coin but probably agreement wasn't reached

There's already a solution for Monero. The world's most popular privacy coin can continue trading over decentralized exchanges or in-person. With the advent of atomic swaps, the need for centralized exchanges will be a thing of the past. It's becoming clear that governments want financial sovereignty over the mainstream world. They don't want an alternative financial system that's hidden from the general public, as it goes against their ethos. Governments' excuse will always be that privacy coins like Monero and Grin are used for money laundering and other illegal activities. But at the end of the day, Fiat is (and will always be) the #1 currency of choice for malicious actors looking for anonymity and widespread acceptance by businesses and merchants worldwide.

The main problem about privacy coins and crypto in general is their price volatility in terms of Fiat. Why would anyone use an unstable privacy coin, when they've got physical cash which is stable and fungible at the same time? That's something Monero and other privacy coins need to deal with, if they want widespread adoption by people in the mainstream world. Eventually, Monero could become de-listed by every centralized exchange due to government pressure. Only DEXs, atomic swaps, and in-person trades will be the norm for trading Fiat to XMR or vice versa. I don't have any problem with that as long as Monero continues to deliver as promised. It's all about decentralization/censorship-resistance than convenience/ease-of-use. Just my opinion

You said monero is still having another exchange site with enough volume but what will be happening if the country of these exchange sites will be implementing the same regulation like south korea?
Monero must search a solution regarding this problem.

That's certainly true, mate. But even Fiat has a greater level of shady activities than crypto itself. Privacy coins have the minority of illegal transactions, while that's not the case with traditional Fiat currencies. Despite governments' excuses that privacy coins are used for money laundering and other illegal activities, we all know their true intentions. They don't want people to use privacy coins simply because it prevents them from taxing and spying on mainstream transactions. Since they want to remain in control, they'll do anything to try to stop the use of privacy coins worldwide.

I'm not surprised to see Monero being de-listed from a centralized exchange, because of the aforementioned reasons. Eventually, the world's most popular privacy coin will have to be traded in-person or via a decentralized exchange. At least, people will still be able to get access to Monero despite governments' actions in the mainstream world. It has always been about decentralization/censorship-resistance than anything else. If crypto wasn't like that, it would've been dead by now. Huobi may de-listed Monero, but we still have other popular exchanges that are supporting it in every way. Thanks to crypto's open source and decentralized nature, there will always be a "Plan B" for everything. With atomic swaps along the way, there will be no need to use a centralized or decentralized exchange to trade Monero or any other cryptocurrency in the Blockchain space. Just my opinion

This platform should be able to give a lot of benefits because they create cryptocurrency correctly, because the nature of cryptocurrency is a digital currency that is not known who is the owner and has been explained to the whitepapper owned by bitcoin that Satoshi Nakamoto created a digital currency that will not be in know the owner because all that is known is the address of the sender.

I don't know what's really going on with Montero but it's quit unfortunate it happened this way as I expected good project. It's a privacy coin one of the best back then but I really do not know or understand what's happening to it right now but nothing last forever. I hope team gets better ways of rescusitating it.
 

I don't think it's because of this that Monero was delist in exchange, indeed Monero became a successful anonymous project in crypto currency,
and the volume was very large in the market, I felt that the delist from the exchange was a pair that traders were not interested in. its not big problem

This is the problem of anonymous cryptocurrencies, many shady activities are connected to them, so exchanges do not want to deal with that and they rather delist it.

This coin is using only on the black market and I believe that such projects only killing the reputation of the cryptocurrency market. I am not surprised that this coin is always delisting from popular exchanges. no one wants to risk their reputation