There is a news that I just read while I was in the bus today that upbit also delisted same privacy coins. I guess they are all up to the same objection. I guess we'd all be seeing prices going down terribly before the year end. This is a big blow to these type coins, they will be sticking to decentralize exchanges by now.
Topic: Privacy coins getting delisted (Read 692 times)
There is a news that I just read while I was in the bus today that upbit also delisted same privacy coins. I guess they are all up to the same objection. I guess we'd all be seeing prices going down terribly before the year end. This is a big blow to these type coins, they will be sticking to decentralize exchanges by now.
There is a news that I just read while I was in the bus today that upbit also delisted same privacy coins. I guess they are all up to the same objection. I guess we'd all be seeing prices going down terribly before the year end. This is a big blow to these type coins, they will be sticking to decentralize exchanges by now.
The lost of some exchange is the gain of others, for me Privacy coins are one of the few selected coins in the space with real demand for them. The demand for them is huge and as long as the Dark market exit there will continue to be demand, I think they forget to note that the many selling point for BTC was the animosity it offers
Yes I believe that and I don't think other exchange will follow Okex's action, they should offer a solution not delisting them, these are popular coins in the market, and they should know that many of their members support privacy coins, it's really their lost. Its a tough question about privacy coin, from one side people, has right for the privacy of their fund, from there another side a lot of criminal use privacy coin to make their dirty things. I think in future you will only be able to buy privacy coin on the decentralized exchange
I think that decentralized exchanges will be, but still, the biggest part of the people will trade on centralized exchanges. and privacy is important, but it’s just as important to remove the use of cryptocurrencies from the black marketIt's because we don't have good decentralized exchanges yet. We need one where not only tokens are tradeable. One with good trading volume, so that people aren't forced to go back to centralized exchanges
Its a tough question about privacy coin, from one side people, has right for the privacy of their fund, from there another side a lot of criminal use privacy coin to make their dirty things. I think in future you will only be able to buy privacy coin on the decentralized exchange
I think that decentralized exchanges will be, but still, the biggest part of the people will trade on centralized exchanges. and privacy is important, but it’s just as important to remove the use of cryptocurrencies from the black market
Its a tough question about privacy coin, from one side people, has right for the privacy of their fund, from there another side a lot of criminal use privacy coin to make their dirty things. I think in future you will only be able to buy privacy coin on the decentralized exchange
I think that decentralized exchanges will be, but still, the biggest part of the people will trade on centralized exchanges. and privacy is important, but it’s just as important to remove the use of cryptocurrencies from the black market
Its a tough question about privacy coin, from one side people, has right for the privacy of their fund, from there another side a lot of criminal use privacy coin to make their dirty things. I think in future you will only be able to buy privacy coin on the decentralized exchange
This is more reason why privacy coins need to focus more on decentralized exchanges/platforms and less on short-term increase in the coins prices. The exchanges current tolerant posture could be temporal. Those who refuse to bend to their will may not survive on their turf(centralized platforms) in the future.
They should focus more on true decentralization, incentives, peer-to-peer and the masses.
They should focus more on true decentralization, incentives, peer-to-peer and the masses.
The lost of some exchange is the gain of others, for me Privacy coins are one of the few selected coins in the space with real demand for them. The demand for them is huge and as long as the Dark market exit there will continue to be demand, I think they forget to note that the many selling point for BTC was the animosity it offers
If exchange has to confirm across them who sends cryptocurrency to another of what use is the cryptocurrency anonymity logo then? Privacy is the essence of cryptocurrency and once this chain is broken there's no cryptocurrency anymore
Okex korea on war with privacy coins, they have decided to delist privacy coins like zcash, Dash, monero, horizen and SBTC, Why? well the reason is..
“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns.
Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”
Click on the link below to read the full news
https://www.coinspeaker.com/monero-dash-privacy-coins-delisted-okex-korea/
“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns.
Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”
Click on the link below to read the full news
https://www.coinspeaker.com/monero-dash-privacy-coins-delisted-okex-korea/
They create valid reasons to delist these coins that can contribute big volumes in any exchange, I hope this will be the last exchange that will do such a move, now we know that they want centralization and don't like anonymity, in the first place Bitcoin and these Privacy coins is the one that truly represents the true essence of Cryptocurrency.
Thats a big problems for the industry in my opinion.
Crypto should be private and only this projects can help in it
Crypto should be private and only this projects can help in it
That's why we need decentralized exchanges. And I don't mean DEXs like Etherdelta or Binance Dex but exchanges where we can trade all coins. Governments will always find excuses to take actions against privacy focussed coins and with centralized exchanges they have a perfect point of attack.
Okex korea on war with privacy coins, they have decided to delist privacy coins like zcash, Dash, monero, horizen and SBTC, Why? well the reason is..
“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns.
Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”
Click on the link below to read the full news
https://www.coinspeaker.com/monero-dash-privacy-coins-delisted-okex-korea/
Yes, they made the right decision. privacy coins are really one of the very dangerous things for exchanges, because hackers can find out information about these types of transactions.“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns.
Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”
Click on the link below to read the full news
https://www.coinspeaker.com/monero-dash-privacy-coins-delisted-okex-korea/
Not long ago, there was an exchange in Japan hacked due to privacy coin transactions.
I fully support the fact that these coins will die in the future, it doesn't really help the crypto market too much. On the contrary, it makes the terrorists even bigger!
Japan laws forbids privacy coins and so is other nations
But Binance support their trading and lending
But Binance support their trading and lending
Korean exchange delisted privacy coin it just goverment issue. The korean goverment wont privacy coins used by peoples to do bad things like drugs , money loundry , and anything about ilegal activity. So Okex is doing what that should they do.
yes the chronology is indeed true, and this is one of the reasons why the government bans privacy coins in their exchanges. but I think this adds to the list of bad news and can affect market conditions again, privacy coins are very worrying as you say related to abuse for illegal businesses.
Any other hidden news?
Are they being cornered by the government to attend to the rules?
Something like anti money laundering act?
Using it for the purpose of taking out this big names such as privacy coins.
They could if they want to. Just scare them with closing down their business and Voila! they will surely comply.
Are they being cornered by the government to attend to the rules?
Something like anti money laundering act?
Using it for the purpose of taking out this big names such as privacy coins.
They could if they want to. Just scare them with closing down their business and Voila! they will surely comply.
Okex korea on war with privacy coins, they have decided to delist privacy coins like zcash, Dash, monero, horizen and SBTC, Why? well the reason is..
“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns.
Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”
Click on the link below to read the full news
https://www.coinspeaker.com/monero-dash-privacy-coins-delisted-okex-korea/
“For one, transactions themselves need to be routinely monitored, ostensibly to detect unusual and potentially criminal patterns.
Secondly, a new ‘travel rule’ necessitates that exchanges and money transmitters share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform it’s sending 10 bitcoins to has a verified identity.”
Click on the link below to read the full news
https://www.coinspeaker.com/monero-dash-privacy-coins-delisted-okex-korea/
according to current info BEAM is listed on binance. so this is a sign that it is possible to land on big exchanges with privacy projects.
Just to clarify : OKEx and OKEx Korea are two separate exchanges with each their own listings.
OKEx Korea will be removing those 5 coins
OKEx will keep their current listing (which includes Dash with margin trading)
OKEx Korea will be removing those 5 coins
OKEx will keep their current listing (which includes Dash with margin trading)
If the reason for delisting privacy coins is to prevent criminal activities, then it will be good for us,
because i think scammer or hacker using privacy coins to erase their trace.
popular privacy coins have big volume in exchange, it means they will lose some profit if they delist the coins.
I think they will not tell the real reason why they delist the privacy coin from their exchanges, and maybe they are afraid of the government to investigate their report.because i think scammer or hacker using privacy coins to erase their trace.
popular privacy coins have big volume in exchange, it means they will lose some profit if they delist the coins.
But that will make them lose some profit as you say because privacy coins can increase in anytime.
I admitted that privacy coins are used in the dark market, but I don't think that they only used privacy coins because I am sure that they used bitcoin too.
I think that will not be a problem if that exchange wants to delist the privacy coin because we have many other exchanges which still list these coins so we can continue to trade the coin pair bitcoin or usdt.
One thing that they should know that privacy coin will be the next potential coin that will increase.
And if the coin can increase, they will regret it because they delist the coin too earlier.
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