Topic: Monero get delisted, again - page 5. (Read 848 times)

Monero as one of the best privacy coin is getting the war against again.
too bad SK is doing that for Monero, that market is huge enough to affect Monero value among all other exchanges.
Crypto isn't fair people, this is sad news.

Nothing new specially in centralized exchangers that do heavily follow government rules and as part of it then its just not a surprising thing if they do delist out coins which would really oppose decentralization.
This isnt a new thing and some exchange already done it https://cointelegraph.com/news/bitbay-crypto-exchange-to-delist-monero-due-to-money-laundering-concerns
I wont be surprised if there are other exchange would delist XRM further more.

Delisting it because of its anonymous properties? Yeah, right. Because of low volume? What about the hundreds of shitcoins they have listed with much less volume?

It's pretty obvious that they did this simply because they don't want to see their company name being involved in the whole korean telegram scandal. They know that as soon as its gets brought up, some way or another, the exchanges listing it will get some backlash from the general public.

Surprised that one of the biggest exchanges in korea (Bithumb) still have XMR listed. It's not like the XMR daily volume is massive on their site.

Obviously not, but it's not like they care. Most people who use exchanges to convert XMR are most likely miners and hodlers, the rest use Monero as intended and they completely avoid exchanges.

Soon enough, Monero users will be considered "rebels" for chasing privacy. I'm wondering how Monero still lasts on many big exchanges - probably most of its users do not use it the right way.

I'm so tired of this "it's used by criminals" excuse to take it off a service or website. Let's be serious, everything that has value and/or is used as a currency is used in illegal activities. Take any very popular criminal activity that has been investigated in the past 20 years and you'll see that almost all of them have used gold or USD. How are they still not banned yet? Oh, wait... Gold is manipulated by the top-tier traders and USD has a printing machine.

I'm not sure there will be winners in this war. XMR still remains fairly common. One exchange will  delist it and the other will list. Privacy coins have been, are and will be. Just one thing is strange for me - that governments have not yet banned dollars, as they are also used by terrorists and other criminals.

I don't know exactly how the cryptocurrency works but I think the developers could make it very safe while still preserving privacy/anonymity. The should try and make it hard for "evil" to take advantage of the coin privacy feature.. but must still retain the privacy or never take it away. Privacy is part of human right as far as I can tell.

Regulation, I think that is fully about regulation of each country. Because I can't see the truth of the report that Monero was being used as criminal activity in Korea, there is no proof against it. Also, I have to admit that the government will take any decision when they have no access to know more what has done by its citizen. They must know what has done by their citizen and because they have to pay tax. Maybe if you have monero you will be free from tax.

As far as I know Huobi Global still list Monero, Only Huobi Korea delist monero so far. Huobi has four branches if I am not mistaken its, Huobi Korea, Russia, Indonesia and Global. I guess Houbi Korea are being forced to comply with their government every country has their own regulation I hope it will not be worldwide.

The fact, indeed is that as XML by the power of BitBay will de delisted due to its privacy concerns. As such, XML users have been advised to withdraw remaining XML by 20th May 2020 (source: https://www.coindesk.com/another-crypto-exchange-is-dropping-privacy-coin-monero-over-compliance-risk).

According to this source, the decision wasn't taken lightly but was necessary for BitBay to comply to their market standards, and this decision not only affected XML but zcash which has also been delisted. To read more on this, see link above.

I think this is related to the "Nth chat room" case in Korea. It is reported that people involved in sexual abuse in Korea have used Monero for criminal acts. Therefore, Bithumb is considering canceling cryptocurrencies. Huobi has delisted this coin from the exchange.

If the government is the reason for delisting a privacy coin it is not really good for privacy coin holders and traders but I guess it is delisted on few exchanges only. I have checked on Huobi Global it is still listed. ZEC or ZCASH is privacy coin too and it is not delisted on Houbi Korea. I'm confused about what is the basis of the Korean government.

This is a bad news, Huobi  is a decent exchange but the good news is there are still a lot of exchanges that are keeping Monero in their site, especially Binance. Per record in https://coinmarketcap.com/currencies/monero/, this coin has over $100 million trading volume, I think that is good enough.

one exchange delisted monero but I do believe it will surive and maybe more exchange will operate and add monero in the future.

For me, this is still a great coin.

Privacy coins getting delisting from exchanges is not bad for me, it seems government involvement in few exchanges is making this happened, they will never like Monero capability because they can't control the coin 

It's not that people are getting tired, it is because exchanges are not allowed to have  privacy coins such as XMR and Zcash. Obviously those coins functions are to obfuscate transactions. And with the recent FATF rule, it will be hard for this coins to stay in crypto sphere because they are being used by bad actors i.e. criminals, terrorists, drug lords, etc. Low volume is just an excuse for those exchanges to delist them, just saying.

The fact its price was rising quite nicely this year, I think that your guess can't be farther from the reality. Or you want to troll.
No. The fact Monero is anonymous coin is not something the (fiat) regulators like, since they can't track the money flow. So they tend to ban it and some exchanges, especially if they work with fiat (but it's not a rule) will have to comply.

It's because government are putting pressures on exchanges to de-list privacy coins such as Monero.

This has been on-going at the start of 2018, if I'm not mistaken. As we all know, South Korea has a very strict implementation with regards to their exchanges. So it's just a matter of time before we can see Monero being de-listed by a lot of top tier exchanges in the future.

Countries have rules and regulations of their own and business have to follow that rules and regulations to conduct their business. I would not be surprise if the eexchange is forced to do so because Monero is the best privacy coin so far and it's not easy to trace them. It's nothing surprise.

According to coindesk, in particular with an article written by Daniel Palmer, "Monero (XML) will no longer be tradeable from Feb. 19, 2020. However, the crypto exchange is to cease deposits of XML as of this Friday, Nov. 29, and will block withdrawals temporarily from Friday to Dec. 5 around the time of a planned monero hard fork. All users must withdraw any remaining XML by 20 May, 2020, according to the notice". This might make sense why Monero is still listed to some exchanges including coinmarketcap.

Delisting of Monero has something to do with privacy features of a cryptocurrency. Based from what I have read, this action was made in orser to avoid money laundering as well as inflow from external networks. BitBay is one of the exchanges who made an announcement with regards to delisting of the said crypto. One thing that concerned me is that, other cryptocurrencies such as zcash and dash are also at risk of being delisted to some exchanges.

Actually, I do think that it is a problem especially if you are into Monero. Indeed, there will still be exchanges to accept or allow trading of monero but given that there will now be limits to the exchanges that would make trading this crypto possible, i think, interest to this crypto could fall. People or investors in particular would more likely engage into investments which would give them convenience and assurance of avoiding issues and problems that would risk their investments.

They just lose faith in XMR and it will be one of the coins that will soon die in the advancement of blockchain technology now. Privacy coins have now become obsolete and even people can now trade with top coins without fear of anything. So that's why people are increasingly suspicious of the future of XMR and the countless unrealistic promises of the CEO. Many Fuds have been revealed and I feel normal when XMR is gradually falling behind their rivals.

This Korean government is taking a dig against monero is really disappointing if this happens everytime people will lose faith in this coin, I hope they are not against the government protocol.

I am really worried as popular coin is delisted and monero is losing it's reputation in the crypto market, Korean government should come forward to initiate crypto in their country.