Topic: Monero get delisted, again - page 3. (Read 856 times)

Goverment is against privacy but i hope that they will not kill it

Always get bad news when exchange market delisted coin on their market, how ever give bad reputation and many investor will sell coin with lower price what ever the reason when coin have delisted from market become scam or become shit coin without have value anymore. Next time will be less coin worth for monero.

It can really help but decentralized exchange is not well adopted in our current environment, people trust centralized exchange more than the decentralized, anyway it's only those exchanges coming from Korea we just hope that other countries will not follow leads coming from these Korean exchanges.

That's the problem that could possibly happen in the future.. we need a fully decentralized exchange to cater the big volume of Monero.
However, I don't think the team behind the project does not see this risk, I'm sure they already have plans for the future of the project and of its continues success.

maybe like that or the Trader XMR there a little maybe it's also the reason they delete XMR, or there are other reasons we don't know, XMR is one of my favorite coins because I used to mine this coin often and for the price is also quite good even though there is a delete list from that market

Monero is staying among the few fully anonymous cryptocurrencies, so there is no wonder regulators do not want to deal with it and make Exchanges to delist it.

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

Its their choice. I remember when xmr and all privacy coij got delisted on Okex Korea, probably something concerning about transparency issue. But xmr is a good project, even big exchange such as Binance will probably hold this huge project. I know them since then and its probably one of the oldest project that still kicking.

And yet this happened.

https://bitcointalksearch.org/topic/monero-got-listed-yet-to-another-exchange-editx3-5-new-exchanges-added-monero-5240661

It doesn't matter.
If the exchange cannot make profit out of it then they will take it out of their list.
Simple as that.
Popular or not. If there is no one buying or selling it then something must be done. It might be on the top for us or for CMC but not for everyone.

Lets look in this perspective

Are we going for full adoption or gaining more adoption from the world?
If yes then lets proceed
Are we looking to get recognized by more countries so people can access to Crypto easily?
If yes then you will understand why Privacy coins are heavily unfavorable in this case

Although all the statement on Minted Fiat currency is not transparent
But having a crypto that can be untrace-able on a public ledger instead of trace-able one like Bitcoin/Ethereum
It seems fishy if we were to look from the perspective of non-crypto person
For example, why would i need to hide my transactions if i were to buy a fish from a market? There's no need of it unless i have other agenda

Exchange sites are also considering possibilities so they are in need to comply with regulations,  or also, the chance that they are not seeing any good
numbers or volumes coming from traders who are interested to trade using this particular coin.
There's reason behind and only the exchange site who delist the coin knows it's their decision anyway.

I don't know either why several exchanges delisted monero from their market.
But big exchange like binance still have monero in their market, so i think it is not too bad.
If the volume of the monero still high on the market because the demands, i guess delisting won't affect the value of the coin.

Did you read the article? The reason is on the article title, because of sexsual exploitation case rumors and Monero is used for payment, and it happen it Korea. If Huobi want to keep their operation in Korea they must delist Monero. It's not a big problem or big news.

Could a decentralized exchange sovle the problem of Monero's anonymous? Since Monero keeps getting delisted because of centralized exchange have to follow govt's regulation.

lol what new place? As far as i know, if that was getting a lack of demand and monero will be delisted and there was no reason to keep it available to trade.  In this case, we are also talking about the possibility for the strict regulation makes more exchange sites will try to delist monero from there. We are talking about the possibility

Monero is a privacy coin, we don't want to lost this coin. Monero get delisted from Korea not from huobi global. In coinmarketcap Monero gold has low volume in huobi Korea exchange. If you see several coin has low volume in his exchange. Monero won't be lost from top list, Monero has top privacy in the world where others coin has low privacy.

But nothing has really changed about xmr why do they delist it once in a while then?
It just doesn't make sense

I believe that in the future it will be more difficult to buy these anonymous cryptocurrencies legally. Classic cryptocurrencies with public blockchains are accepted by goverments because they are transparent and they can easily track those who don´t pay taxes. 

It's expected for Monero to get de-listed from a centralized exchange since it's a privacy coin after all. Most (if not all) of these exchanges require users to comply with KYC/AML laws. This means that ID verification is required to use any of their services. Since Monero is private by default, it's impossible for governments to be able to track & trace each person's transactions performed on-chain. Tax compliance, among others things will be hard to enforce in a chain that's private by default. I think that Huobi took the decision of de-listing Monero in order to avoid a crackdown from the Korean government. After all, they'd want to keep their business. While the above news are just rumor (sexual exploitation), anything that negatively involves crypto or Blockchain tech, are taken seriously by centralized entities. Any cryptocurrency serves as a double-edged sword which can be used for both good and bad things. The same happens with Fiat today.

At least, it's still possible to trade XMR on other centralized exchanges, and better yet, decentralized ones. One less exchange doesn't affect XMR price whatsoever. After all, the people are the ones who determine the value of each XMR. As long as there is a market for Monero, there's nothing to worry about. In the worst case scenario, one could simply trade XMR to Fiat or crypto in-person or through a decentralized exchange. Remember, what matters is the tech rather than it's price. Just my thoughts

I think this comes as a result of the crack down on privacy coins by certain governments in some Asian countries, notably Korea. I think when the ban is lifted we will see a steady increase in the volume and most exchanges will list it back.