Since I got into crypto I have always really liked monero!! I noticed that the USA in particular doesnt want monero to be used for obvious reasons, but why is something like zcash, dash allowed to be sold on gemini, but monero gets blackballed from gemini, coinbase something fishy there it makes no sense to me. The coin has a great use case and most people love it! I would assume that privacy coins will be banned from exchanges at some point because of money laundering concerns, but I hope not! Does anyone know why monero cant get no love from gemini/coinbase is it because the issues I mentioned or something else??
Governments and global authorities do not simply like privacy coins and they are somewhat right, their transactions cannot be tracked so these coins can be used for bad criminal activities like ransom, drugs, money laundering and other dark web marketplaces and due to their being private such transactions and criminals can not be traced similarly governments cannot track transactions to tax or track transactions. So i do not see privacy coins have a bright future legally but yes they can survive in the background and people will keep using them for privacy they offer. 
Topic: Privacy Coins Discussion - page 2. (Read 558 times)
Monero getting delisted from some exchanges isn't because of lack of volume or market cap, it has something to do with centralized regulations of sorts, it's not a bad move, I believe privacy coins will do better with dex exchanges in future because I feel that's where they belong
It has nothing to do with market cap because it's one of the huge altcoins. The question has been already answered by zasad and that's because of FATF.
Monero getting delisted from some exchanges isn't because of lack of volume or market cap, it has something to do with centralized regulations of sorts, it's not a bad move, I believe privacy coins will do better with dex exchanges in future because I feel that's where they belong
Read Complies with the Financial Action Task Force (FATF), ehere are very complex requirements
"The Travel Rule that specifically addresses this point mandates that the VASP must be able to collect “Required Information” which includes:
• Originator’s name (i.e., the sending customer);
• Originator’s account number where such an account is used to process the transaction (e.g., the VA wallet address);
• Originator’s physical (geographical) address, national identity number or customer identification number (i.e., not a transaction number) that uniquely identifies the originator to the ordering institution, or date and place of birth;
• Beneficiary’s name
• Beneficiary’s account number where such an account is used to process the transaction (e.g., the VA wallet address)."
https://blog.dash.org/dash-complies-with-the-financial-action-task-force-fatf-guidelines-including-the-travel-rule-a4c658efc89d
"The Travel Rule that specifically addresses this point mandates that the VASP must be able to collect “Required Information” which includes:
• Originator’s name (i.e., the sending customer);
• Originator’s account number where such an account is used to process the transaction (e.g., the VA wallet address);
• Originator’s physical (geographical) address, national identity number or customer identification number (i.e., not a transaction number) that uniquely identifies the originator to the ordering institution, or date and place of birth;
• Beneficiary’s name
• Beneficiary’s account number where such an account is used to process the transaction (e.g., the VA wallet address)."
https://blog.dash.org/dash-complies-with-the-financial-action-task-force-fatf-guidelines-including-the-travel-rule-a4c658efc89d
Since I got into crypto I have always really liked monero!! I noticed that the USA in particular doesnt want monero to be used for obvious reasons, but why is something like zcash, dash allowed to be sold on gemini, but monero gets blackballed from gemini, coinbase something fishy there it makes no sense to me. The coin has a great use case and most people love it! I would assume that privacy coins will be banned from exchanges at some point because of money laundering concerns, but I hope not! Does anyone know why monero cant get no love from gemini/coinbase is it because the issues I mentioned or something else??
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